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.
Op-eds & Essays with Wally Adeyemo & Josh Zoffer • August 19, 2025
But there is a better way to fix it.
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.
Full report
Op-eds & Essays with Wally Adeyemo & Josh Zoffer • August 19, 2025