As reported yesterday in an article from The Conversation website:

“As the Trump administration makes announcement after announcement about its efforts to promote the U.S. fossil fuel industry, the industry isn’t exactly jumping at new opportunities.

Some high-profile oil and gas industry leaders and organizations have objected to changes to long-standing government policy positions that give companies firm ground on which to make their plans.

And the financial picture around oil and gas drilling is moving against the Trump administration’s hopes. Though politicians may tout new opportunities to drill offshore or in Arctic Alaska, the commercial payoff is not clear and even unlikely.

More than 250 East Coast local governments have passed resolutions against drilling.
Governors on both sides of the aisle, including Democrat Josh Stein of North Carolina and Republicans Brian Kemp of Georgia and Henry McMaster of South Carolina, have spoken out against drilling off their coasts".

Last year Shell abandoned its Alaska’s North Slope oil leases, raising questions about the industry’s future in Alaska.

I have said many times on OLO that investment follows economics not politics and the author of this article agrees.

The current economics does not favour fossil fuels.