Climate tech can’t scale on corporate generosity alone
Microsoft’s reported pull-back from carbon removal and even 2030 clean energy targets proves that the sector needs policy help.
Founder, Fannon Global Advisors; Former Assistant Secretary of State for Energy Resources
President Donald Trump’s administration is promising an energy policy overhaul that would fundamentally reshape America’s climate and energy policies. Trump and Republican leaders have pledged to pull back from many of the Biden administration’s climate actions, including parts of the Inflation Reduction Act, and surge domestic oil and gas production and exports.
Meanwhile, global energy markets face mounting uncertainties including an escalating U.S.-China trade war, new sanctions on Russian energy and Europe’s continued dependence on Russian energy, and growing tensions between rich and poor countries over how the energy transition is unfolding. In both the United States and Europe, energy security, competitiveness, and costs are top priorities now, along with climate change. With climate targets and energy security needs often pulling in opposite directions, nations are facing difficult choices about how to balance competing priorities in an increasingly complex world.
How will energy politics and policy change under a second Trump administration? And how will shifts in U.S. policy impact global energy geopolitics?
This week host Jason Bordoff talks with Frank Fannon about what to expect from the Trump administration’s energy agenda.
Frank is the founder of Fannon Global Advisors. He previously served as America’s first Senate-confirmed assistant secretary of state for Energy Resources during the first Trump administration, where he led major energy and infrastructure initiatives across the globe, and elevated the critical role of minerals in the clean energy transition. Earlier in his career, he served as counsel to the Senate Environment and Public Works Committee.
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Two economic planning documents released at the March meeting of China's National People’s Congress include the term "energy powerhouse" for the first time.
In March 2012, Israeli Prime Minister Benjamin Netanyahu arrived in Washington to press a US president on slowing Iran’s nuclear ambitions. Inside the White House, the dilemma was stark.
Within days of the initial U.S. and Israeli attack on Iran on February 28, 2026, the world was plunged into an energy crisis.