diff --git a/package.json b/package.json
index dfa4f2a663000..fd75de3eb7bc4 100644
--- a/package.json
+++ b/package.json
@@ -130,7 +130,7 @@
     "cz-customizable": "^6.2.0",
     "depcheck": "^1.3.1",
     "document-register-element": "^1.13.1",
-    "dotenv": "8.2.0",
+    "dotenv": "~10.0.0",
     "ejs": "^3.1.5",
     "eslint": "7.10.0",
     "eslint-config-next": "^11.0.1",
diff --git a/packages/cypress/src/executors/cypress/cypress.impl.ts b/packages/cypress/src/executors/cypress/cypress.impl.ts
index afa5746ede54f..158094618fb2f 100644
--- a/packages/cypress/src/executors/cypress/cypress.impl.ts
+++ b/packages/cypress/src/executors/cypress/cypress.impl.ts
@@ -1,3 +1,4 @@
+import 'dotenv/config';
 import { basename, dirname, join } from 'path';
 import { installedCypressVersion } from '../../utils/cypress-version';
 import {
@@ -37,10 +38,6 @@ export interface CypressExecutorOptions extends Json {
   testingType?: 'component' | 'e2e';
 }
 
-try {
-  require('dotenv').config();
-} catch (e) {}
-
 export default async function cypressExecutor(
   options: CypressExecutorOptions,
   context: ExecutorContext
diff --git a/packages/jest/src/executors/jest/jest.impl.ts b/packages/jest/src/executors/jest/jest.impl.ts
index ae9cc7fd52f11..e8ba846918969 100644
--- a/packages/jest/src/executors/jest/jest.impl.ts
+++ b/packages/jest/src/executors/jest/jest.impl.ts
@@ -1,3 +1,4 @@
+import 'dotenv/config';
 import { runCLI } from 'jest';
 import { readConfig } from 'jest-config';
 import { utils as jestReporterUtils } from '@jest/reporters';
@@ -9,15 +10,7 @@ import { ExecutorContext, TaskGraph } from '@nrwl/devkit';
 import { join } from 'path';
 import { getSummary } from './summary';
 
-try {
-  require('dotenv').config();
-} catch (e) {
-  // noop
-}
-
-if (process.env.NODE_ENV === null || process.env.NODE_ENV === undefined) {
-  (process.env as any).NODE_ENV = 'test';
-}
+process.env.NODE_ENV ??= 'test';
 
 export async function jestExecutor(
   options: JestExecutorOptions,
diff --git a/packages/next/src/executors/build/build.impl.ts b/packages/next/src/executors/build/build.impl.ts
index 1bd30b5a58b31..fcc13275c9ff1 100644
--- a/packages/next/src/executors/build/build.impl.ts
+++ b/packages/next/src/executors/build/build.impl.ts
@@ -1,3 +1,4 @@
+import 'dotenv/config';
 import { ExecutorContext } from '@nrwl/devkit';
 
 import build from 'next/dist/build';
@@ -18,16 +19,12 @@ import {
 } from '@nrwl/workspace/src/utilities/buildable-libs-utils';
 import { assertDependentProjectsHaveBeenBuilt } from '../../utils/buildable-libs';
 
-try {
-  require('dotenv').config();
-} catch (e) {}
-
 export default async function buildExecutor(
   options: NextBuildBuilderOptions,
   context: ExecutorContext
 ) {
   let dependencies: DependentBuildableProjectNode[] = [];
-  process.env.NODE_ENV = process.env.NODE_ENV || 'production';
+  process.env.NODE_ENV ||= 'production';
 
   const root = resolve(context.root, options.root);
 
diff --git a/packages/next/src/executors/export/export.impl.ts b/packages/next/src/executors/export/export.impl.ts
index 2b57d76bd7c75..b4b7837737632 100644
--- a/packages/next/src/executors/export/export.impl.ts
+++ b/packages/next/src/executors/export/export.impl.ts
@@ -1,3 +1,4 @@
+import 'dotenv/config';
 import {
   ExecutorContext,
   parseTargetString,
@@ -19,10 +20,6 @@ import {
 } from '@nrwl/workspace/src/utilities/buildable-libs-utils';
 import { assertDependentProjectsHaveBeenBuilt } from '../../utils/buildable-libs';
 
-try {
-  require('dotenv').config();
-} catch (e) {}
-
 export default async function exportExecutor(
   options: NextExportBuilderOptions,
   context: ExecutorContext
diff --git a/packages/next/src/executors/server/server.impl.ts b/packages/next/src/executors/server/server.impl.ts
index 7a95e009fff4c..43e6509c98f68 100644
--- a/packages/next/src/executors/server/server.impl.ts
+++ b/packages/next/src/executors/server/server.impl.ts
@@ -1,3 +1,4 @@
+import 'dotenv/config';
 import {
   ExecutorContext,
   logger,
@@ -30,10 +31,6 @@ import {
 } from '@nrwl/workspace/src/utilities/buildable-libs-utils';
 import { assertDependentProjectsHaveBeenBuilt } from '../../utils/buildable-libs';
 
-try {
-  require('dotenv').config();
-} catch (e) {}
-
 const infoPrefix = `[ ${chalk.dim(chalk.cyan('info'))} ] `;
 const readyPrefix = `[ ${chalk.green('ready')} ]`;
 
diff --git a/packages/node/src/executors/build/build.impl.ts b/packages/node/src/executors/build/build.impl.ts
index b575d13d65e65..3f75aec12baaa 100644
--- a/packages/node/src/executors/build/build.impl.ts
+++ b/packages/node/src/executors/build/build.impl.ts
@@ -1,3 +1,4 @@
+import 'dotenv/config';
 import { ExecutorContext } from '@nrwl/devkit';
 
 import { readCachedProjectGraph } from '@nrwl/workspace/src/core/project-graph';
@@ -18,10 +19,6 @@ import { BuildNodeBuilderOptions } from '../../utils/types';
 import { normalizeBuildOptions } from '../../utils/normalize';
 import { generatePackageJson } from '../../utils/generate-package-json';
 
-try {
-  require('dotenv').config();
-} catch (e) {}
-
 export type NodeBuildEvent = {
   outfile: string;
   success: boolean;
diff --git a/packages/node/src/executors/execute/execute.impl.ts b/packages/node/src/executors/execute/execute.impl.ts
index 447d1cffcd97e..74de1c05747c5 100644
--- a/packages/node/src/executors/execute/execute.impl.ts
+++ b/packages/node/src/executors/execute/execute.impl.ts
@@ -1,3 +1,4 @@
+import 'dotenv/config';
 import {
   runExecutor,
   stripIndents,
@@ -14,10 +15,6 @@ import * as treeKill from 'tree-kill';
 import { NodeBuildEvent } from '../build/build.impl';
 import { BuildNodeBuilderOptions } from '../../utils/types';
 
-try {
-  require('dotenv').config();
-} catch (e) {}
-
 export const enum InspectType {
   Inspect = 'inspect',
   InspectBrk = 'inspect-brk',
diff --git a/packages/nx-plugin/src/executors/e2e/e2e.impl.ts b/packages/nx-plugin/src/executors/e2e/e2e.impl.ts
index 284abfea8417c..1a1235623e5fa 100644
--- a/packages/nx-plugin/src/executors/e2e/e2e.impl.ts
+++ b/packages/nx-plugin/src/executors/e2e/e2e.impl.ts
@@ -1,4 +1,7 @@
+import 'dotenv/config';
+
 import type { ExecutorContext } from '@nrwl/devkit';
+
 import {
   convertNxExecutor,
   logger,
@@ -9,11 +12,6 @@ import {
 import { jestExecutor } from '@nrwl/jest/src/executors/jest/jest.impl';
 import type { NxPluginE2EExecutorOptions } from './schema';
 
-try {
-  require('dotenv').config();
-  // eslint-disable-next-line no-empty
-} catch (e) {}
-
 export async function* nxPluginE2EExecutor(
   options: NxPluginE2EExecutorOptions,
   context: ExecutorContext
diff --git a/packages/storybook/src/executors/build-storybook/build-storybook.impl.ts b/packages/storybook/src/executors/build-storybook/build-storybook.impl.ts
index 4d283fcaa8260..ab46e39c88683 100644
--- a/packages/storybook/src/executors/build-storybook/build-storybook.impl.ts
+++ b/packages/storybook/src/executors/build-storybook/build-storybook.impl.ts
@@ -1,3 +1,4 @@
+import 'dotenv/config';
 import { basename, join, sep } from 'path';
 import { tmpdir } from 'os';
 import { constants, copyFileSync, mkdtempSync, statSync } from 'fs';
@@ -23,10 +24,6 @@ export interface StorybookBuilderOptions {
   docsMode?: boolean;
 }
 
-try {
-  require('dotenv').config();
-} catch (e) {}
-
 export default async function buildStorybookExecutor(
   options: StorybookBuilderOptions,
   context: ExecutorContext
diff --git a/packages/storybook/src/executors/storybook/storybook.impl.ts b/packages/storybook/src/executors/storybook/storybook.impl.ts
index cdfbe0bacd638..2fbe1992a52d7 100644
--- a/packages/storybook/src/executors/storybook/storybook.impl.ts
+++ b/packages/storybook/src/executors/storybook/storybook.impl.ts
@@ -1,3 +1,4 @@
+import 'dotenv/config';
 import { basename, join, sep } from 'path';
 import { tmpdir } from 'os';
 import { constants, copyFileSync, mkdtempSync, statSync } from 'fs';
@@ -34,10 +35,6 @@ export interface StorybookExecutorOptions {
   docsMode?: boolean;
 }
 
-try {
-  require('dotenv').config();
-} catch (e) {}
-
 export default async function* storybookExecutor(
   options: StorybookExecutorOptions,
   context: ExecutorContext
diff --git a/packages/workspace/migrations.json b/packages/workspace/migrations.json
index d7f8d6a63ce6c..44b40cd3ec7de 100644
--- a/packages/workspace/migrations.json
+++ b/packages/workspace/migrations.json
@@ -902,6 +902,14 @@
           "version": "~4.3.5"
         }
       }
+    },
+    "12.7.0": {
+      "version": "12.7.0-beta.0",
+      "packages": {
+        "dotenv": {
+          "version": "~10.0.0"
+        }
+      }
     }
   }
 }
diff --git a/packages/workspace/package.json b/packages/workspace/package.json
index fc3ae70d564d2..b5dab67f274ef 100644
--- a/packages/workspace/package.json
+++ b/packages/workspace/package.json
@@ -62,7 +62,7 @@
     "chokidar": "^3.5.1",
     "cosmiconfig": "^4.0.0",
     "fs-extra": "^9.1.0",
-    "dotenv": "8.2.0",
+    "dotenv": "~10.0.0",
     "glob": "7.1.4",
     "ignore": "^5.0.4",
     "npm-run-all": "^4.1.5",
diff --git a/packages/workspace/src/executors/run-commands/run-commands.impl.ts b/packages/workspace/src/executors/run-commands/run-commands.impl.ts
index 0865f6ca5c28e..d7e19cafce549 100644
--- a/packages/workspace/src/executors/run-commands/run-commands.impl.ts
+++ b/packages/workspace/src/executors/run-commands/run-commands.impl.ts
@@ -5,16 +5,16 @@ import * as yargsParser from 'yargs-parser';
 
 export const LARGE_BUFFER = 1024 * 1000000;
 
-function loadEnvVars(path?: string) {
+async function loadEnvVars(path?: string) {
   if (path) {
-    const result = require('dotenv').config({ path });
+    const result = (await import('dotenv')).config({ path });
     if (result.error) {
       throw result.error;
     }
   } else {
     try {
-      require('dotenv').config();
-    } catch (e) {}
+      (await import('dotenv')).config();
+    } catch {}
   }
 }
 
@@ -67,7 +67,7 @@ export default async function (
   options: RunCommandsBuilderOptions,
   context: ExecutorContext
 ): Promise<{ success: boolean }> {
-  loadEnvVars(options.envFile);
+  await loadEnvVars(options.envFile);
   const normalized = normalizeOptions(options);
 
   if (options.readyWhen && !options.parallel) {
diff --git a/packages/workspace/src/generators/new/__snapshots__/new.spec.ts.snap b/packages/workspace/src/generators/new/__snapshots__/new.spec.ts.snap
index fc22179a3401d..61f2319644b25 100644
--- a/packages/workspace/src/generators/new/__snapshots__/new.spec.ts.snap
+++ b/packages/workspace/src/generators/new/__snapshots__/new.spec.ts.snap
@@ -11,7 +11,7 @@ Object {
     "@nrwl/tao": "*",
     "@nrwl/workspace": "*",
     "@types/node": "14.14.33",
-    "dotenv": "8.2.0",
+    "dotenv": "~10.0.0",
     "prettier": "^2.3.1",
     "ts-node": "~9.1.1",
     "typescript": "~4.3.5",
@@ -56,7 +56,7 @@ Object {
     "@nrwl/tao": "*",
     "@nrwl/workspace": "*",
     "@types/node": "14.14.33",
-    "dotenv": "8.2.0",
+    "dotenv": "~10.0.0",
     "prettier": "^2.3.1",
     "ts-node": "~9.1.1",
     "typescript": "~4.3.5",
@@ -102,7 +102,7 @@ Object {
     "@nrwl/tao": "*",
     "@nrwl/workspace": "*",
     "@types/node": "14.14.33",
-    "dotenv": "8.2.0",
+    "dotenv": "~10.0.0",
     "prettier": "^2.3.1",
     "ts-node": "~9.1.1",
     "typescript": "~4.3.5",
diff --git a/packages/workspace/src/generators/workspace/files/package.json__tmpl__ b/packages/workspace/src/generators/workspace/files/package.json__tmpl__
index 1121dae0858c8..c50d38eb839d7 100644
--- a/packages/workspace/src/generators/workspace/files/package.json__tmpl__
+++ b/packages/workspace/src/generators/workspace/files/package.json__tmpl__
@@ -39,7 +39,7 @@
     "@nrwl/cli": "<%= nxVersion %>",
     "@nrwl/workspace": "<%= nxVersion %>",
     "@types/node": "14.14.33",
-    "dotenv": "8.2.0",
+    "dotenv": "~10.0.0",
     "ts-node": "~9.1.1",
     "typescript": "<%= typescriptVersion %>",
     "prettier": "<%= prettierVersion %>"
diff --git a/yarn.lock b/yarn.lock
index 7bdb5a4cf3e54..0732671af160c 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -11600,6 +11600,11 @@ dotenv@^6.2.0:
   resolved "https://registry.yarnpkg.com/dotenv/-/dotenv-6.2.0.tgz#941c0410535d942c8becf28d3f357dbd9d476064"
   integrity sha512-HygQCKUBSFl8wKQZBSemMywRWcEDNidvNbjGVyZu3nbZ8qq9ubiPoGLMdRDpfSrpkkm9BXYFkpKxxFX38o/76w==
 
+dotenv@~10.0.0:
+  version "10.0.0"
+  resolved "https://registry.yarnpkg.com/dotenv/-/dotenv-10.0.0.tgz#3d4227b8fb95f81096cdd2b66653fb2c7085ba81"
+  integrity sha512-rlBi9d8jpv9Sf1klPjNfFAuWDjKLwTIJJ/VxtoTwIR6hnZxcEOQCZg2oIL3MWBYw5GpUDKOEnND7LXTbIpQ03Q==
+
 downshift@^6.0.15:
   version "6.1.3"
   resolved "https://registry.yarnpkg.com/downshift/-/downshift-6.1.3.tgz#e794b7805d24810968f21e81ad6bdd9f3fdc40da"