Trump promoted fossil fuels. His war is pushing the world away from them.
As oil prices spike, governments are slashing fuel use and eyeing renewables — threatening to erode global demand for fossil energy.
Global leaders have been scrambling to contain the rising cost of oil and gasoline since the start of the Iran war.
President Donald Trump has been pressuring U.S. oil and gas executives to invest in Venezuelaâs energy sector, nearly three months after the toppling of former president Nicolás Maduro, as the country is said to have the largest crude oil reserves in the world.
The Pentagon’s new $200 billion private equity fund would harm the critical industries it aims to support.
The decline of domestic fossil fuel production in the United States poses serious economic risks for communities that rely on fossil fuel industries for jobs and public revenues. Many of these communities lack the resources and capacity to manage those risks on their own. The absence of viable economic strategies for affected regions is a barrier to building the broad, durable coalitions needed for an equitable national transition to cleaner energy sources.
Models can predict catastrophic or modest damages from climate change, but not which of these futures is coming.