Current:Home > StocksTrump: America First on Fossil Fuels, Last on Climate Change -EverVision Finance
Trump: America First on Fossil Fuels, Last on Climate Change
View
Date:2025-04-20 05:30:59
Donald Trump vowed Thursday that if elected president he would dismantle the landmark global treaty to tackle climate change endorsed by the whole world in Paris last year.
Instead, he promised the domestic fossil fuel industry a no-holds-barred, America-first development policy aimed at maximizing production of coal, oil and natural gas.
Speaking on the day he clinched the delegates to win the Republican presidential nomination, Trump delivered his first substantive speech on energy and climate policy before an enthusiastic audience of several thousand in North Dakota, the heart of the nation’s fracking fields.
“We are going to turn everything around,” he said at the Williston Basin Petroleum Conference in Bismarck, “and quickly, very quickly.”
Trump pledged that he would undo the Clean Power Plan, which, if it survives legal challenges, would sharply reduce carbon emissions from power plants. The plan is at the heart of Obama’s climate agenda. He also promised to rescind any regulations that he felt unduly burdened energy suppliers.
“Here is my 100-day action plan: Rescind all the job-destroying Obama executive actions, including the climate action plan,” Trump said. That overarching plan is the entire program for reducing U.S. emissions of greenhouse gases in line with the nation’s Paris pledges.
Trump grandly promised to establish “complete American energy independence—complete, complete.”
But that objective was only one side of the energy coin that Trump stamped with his neo-isolationist motto, “America First.”
The other side, he said, was to achieve what he called “American energy dominance”—a world in which the U.S. dominates global energy supplies just as heavily in the future as it dominated energy demand in the past.
And in his vision, King Coal would be restored to its throne.
He called any regulations that caused the closure of old coal plants, or blocked the opening of new ones, “stupid.”
“We are going to save the coal industry, believe me, we are going to save it,” he declared.
Nor would there be any more talk of moratoriums on drilling or mining public lands and waters in a Trump presidency.
At the ideological core of his argument was this theme: that the nation’s fossil fuel resources are a “treasure,” a hoard of “wealth” bequeathed to the American people, with the fossil fuels industry cast as benign trustees or middlemen facilitating access to prosperity.
At one point, putting the value of unexploited fossil fuel reserves at $50 trillion, he marveled: “Think of that, we’re loaded.”
Perhaps Trump’s most novel notion was to revive the Keystone XL pipeline project—but with a proviso asking the Canadian operator TransCanada “for a big piece of the profits of that.”
“Why not?” Trump said. “Without us, they can’t do it.”
After the Obama administration rejected the pipeline, TransCanada said it would sue for billions of dollars in compensatory damages, claiming that the rejection violated the North American Free Trade Agreement.
Trump has always described NAFTA as a bad deal. His contempt for the Paris agreement on climate change is also unrestrained.
Basically, his approach would strangle the nascent treaty in the cradle. Without the U.S. on board, it would be meaningless, and there is no prospect for a renegotiation, after 25 years of work.
Any such outcome would dismay many of America’s closest allies, especially in Europe, and undermine an emerging consensus among leading businesses around the world that now is the time for strong, consistent market signals to drive a new clean energy economy forward.
Trump also said the United States should no longer make any contribution to helping other nations confront the costs of climate change.
“We have deep problems and we can’t be sending our money all over the world,” he said.
The problem with the treaty, he claimed, is this: “It gives foreign bureaucrats control over how much energy we produce, controlling what we are using and what we are doing on our own land and in our country—no way!”
This false depiction of the climate treaty—whose central feature, created at American insistence, is that each country controls its own approach—won loud cheers.
So did Trump’s lament that the Environmental Protection Agency was being unleashed by Obama and Clinton to “control every aspect of our lives and every aspect of energy.”
Trump said his environmental agenda would deal only with “real” environmental issues, which he said included clean air and clean water, not “phony” ones, plainly including climate change in his view.
One of his goals was to define as sharp as possible a distinction between himself and Obama-cum-Clinton. (He didn’t dwell on the energy and climate views of Bernie Sanders.)
Another goal, perhaps, was to woo one of the richest sources of Republican campaign finance at the very moment when the Trump campaign needs to raise big money and fast.
Trump seemed unfazed at the reaction among environmentalists, which ranged from alarm to ridicule. “Political activists with extreme agendas will no longer write the rules,” he said.
He did say that “we will work with conservationists whose only concern is protecting nature.” He did not elaborate on where the line might be drawn between nature and the planet’s climate.
The full speech:
veryGood! (71263)
Related
- Grammy nominee Teddy Swims on love, growth and embracing change
- Mississippi GOP challenges election night court order that kept polls open during ballot shortage
- Warren Buffett's sounding board at Berkshire Hathaway, Charlie Munger, dies at 99
- Network founded by Koch brothers endorses Nikki Haley for president
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Frances Sternhagen, Tony Award winner of 'Cheers' and 'Sex and the City' fame, dies at 93
- Check your child’s iPhone for this new feature: The warning police are issuing to parents
- Leaked document says US is willing to build replacement energy projects in case dams are breached
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Iranian cyber criminals targeting Israeli technology hack into Pennsylvania water system
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Beloved California doughnut shop owner reflects on childhood in Japanese internment camp
- 6-year-old South Carolina boy shot, killed in hunting accident by 17-year-old: Authorities
- 1 in 5 children under the age of 14 take melatonin regularly, new study shows
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Venezuela’s planned vote over territory dispute leaves Guyana residents on edge
- Eiffel Tower came to LA to hype 2024 Paris Olympics. Here's how
- US Navy warship shoots down drone launched by Houthis from Yemen, official says
Recommendation
Nearly half of US teens are online ‘constantly,’ Pew report finds
Congress is eying immigration limits as GOP demands border changes in swap for Biden overseas aid
A Pakistani province aims to deport 10,000 Afghans a day
Horoscopes Today, November 29, 2023
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Peaches, plums and nectarines recalled over listeria risk sold at major retailers: FDA
As mystery respiratory illness spreads in dogs, is it safe to board your pet this holiday season?
Breaking the chains: Creator of comic strip ‘Mutts’ frees his Guard Dog character after decades