Trump, budget
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The price of oil is skyrocketing. The president is paying foreign companies to stop projects that will produce low-cost energy in the U.S.
As oil prices spike, governments are slashing fuel use and eyeing renewables — threatening to erode global demand for fossil energy.
Red states lead U.S. clean energy growth, with nearly three-quarters of new solar installations in Trump-supporting states, says former Arizona governor.
The Trump administration’s $1 billion payout to a French energy company to walk away from U.S. offshore wind development is a novel tactic against the industry that supporters see as creative, but opponents see as foolish and extreme.
The Trump administration is proposing to repurpose clean energy dollars at the Department of Energy, while keeping a focus on the domestic supply of critical minerals and winning the artificial intelligence race.
But renewable energies are cost-competitive and will continue to play a key role in the buildout of new power generation in the U.S.
In exchange, the French company TotalEnergies would invest in oil and natural gas projects in Texas and elsewhere.
Oil, oil, oil. The war with Iran has oil prices soaring. And no thanks, President Trump, for your other war, the one against green energy. As Americans freak over gas prices, they are taking another look at electric vehicles.