{"id":222858,"date":"2025-01-22T08:26:13","date_gmt":"2025-01-22T12:26:13","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=222858"},"modified":"2025-01-22T08:26:14","modified_gmt":"2025-01-22T12:26:14","slug":"trump-signs-actions-to-pull-us-out-of-paris-climate-agreement-intends-to-promote-fossil-fuels-and-mineral-mining","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/trump-signs-actions-to-pull-us-out-of-paris-climate-agreement-intends-to-promote-fossil-fuels-and-mineral-mining\/","title":{"rendered":"Trump signs actions to pull US out of Paris climate agreement, intends to promote fossil fuels and mineral mining"},"content":{"rendered":"
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SOURCE: CNN- <\/strong>President Donald Trump signed executive actions Monday and cemented his intent to double down on fossil fuels and reverse America\u2019s progress on climate change and clean energy, including signing orders to pull United States out of the Paris climate agreement.<\/p>

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Trump\u2019s day-one actions come as climate change-fueled fires<\/a> ravage Southern California<\/a>, following the globe\u2019s hottest year on record during which two major hurricanes \u2013 Helene and Milton \u2013 devastated the Southeast.<\/p>\n\n\n\n

In his inauguration speech, Trump said he will declare a \u201cnational energy emergency,\u201d though United States is producing more oil now than any other country at any other time<\/a>. He intends to streamline permitting and review regulations that \u201cimpose undue burdens on energy production and use, including mining and processing of non-fuel minerals,\u201d according to a list of priorities from Trump\u2019s press office.<\/p>

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He also intends to take action to end land and water leasing for wind energy, and undo the Biden administration\u2019s actions that promote electric vehicles.<\/p>

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Trump views energy prices as central to his mission to address widespread frustrations with the cost of living, and has argued that slashing red tape will help drive down energy prices and fight overall inflation.<\/p>\n\n\n\n

\u201cThe inflation crisis was caused by massive overspending and escalating energy prices,\u201d Trump said during his inaugural address. \u201cThat\u2019s why today I will also declare a national energy emergency. We will drill, baby, drill.\u201d<\/p>

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Scientists declared earlier this month the planet for the first time breached 1.5 degrees Celsius of global warming last year \u2014 a significant benchmark that experts researching Earth\u2019s tipping points have warned humanity to avoid, and the goal world leaders aspired to when they signed the Paris Agreement in 2015.<\/p>\n\n\n\n

Beyond 1.5 degrees, the human-caused climate crisis \u2014 fueled by heat-trapping, fossil fuel pollution \u2014 starts to exceed the ability of humanity and the natural world to adapt.<\/p>

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The rollercoaster of US participation in international climate talks could itself be harmful, said David Wirth, a professor at Boston College Law School and public international law expert.<\/p>

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\u201cThe integrity of the United States\u2019 commitment to this issue would be drawn into question, also (its) reliability as a treaty partner,\u201d Wirth told CNN.<\/p>\n\n\n\n

Oil and the cost of living<\/h2>\n\n\n\n

Trump has vowed to reverse Biden\u2019s order to ban<\/a> offshore oil drilling in 625 million acres of ocean, but undoing it may require an act of Congress. He has often talked about opening up Alaska\u2019s Arctic National Wildlife Refuge<\/a> to more drilling, but recent auctions in this pristine region, which is home to threatened species, have flopped due to a lack of interest from the oil industry itself.<\/p>\n\n\n\n

\u201cWe will be a rich nation again, and it is that liquid gold under our feet that will help to do it,\u201d Trump said Monday.<\/p>\n\n\n\n

Analysts are skeptical that Trump\u2019s moves \u2014 if they survive inevitable legal challenges \u2014 will increase US oil production or push gasoline prices to below $2 per gallon, as the president previously promised.<\/p>\n\n\n\n

Although Trump is laser-focused on keeping gas prices low, the reality is even the White House has limited direct power.<\/p>\n\n\n\n

\u201cWhen I worked for President Bush, I looked very hard for the magic wand that lowered oil prices right away. It doesn\u2019t exist,\u201d said Bob McNally, president of consulting firm Rapidan Energy Group and a former Bush energy official. \u201cA president can\u2019t cut oil prices.\u201d<\/p>\n\n\n\n

The United States is already producing more oil than any country in world history<\/a>. And unlike in OPEC nations, US oil production is set by the free market, not the government. Government policy plays a role in influencing supply decisions, but ultimately it\u2019s up to the private sector to decide how much to drill.<\/p>\n\n\n\n

So far, oil companies have signaled they\u2019re in no rush to dramatically ramp up production. Many oil CEOs have learned the lessons of the recent past when excessive drilling caused a supply glut that crashed prices.<\/p>\n\n\n\n

Just 14% of oil and gas executives plan to significantly increase capital spending this year, according to a Federal Reserve Bank of Dallas survey of 132 firms. In fact, more oil executives indicated they plan to scale back spending than increase it.<\/p>\n\n\n\n

Trump\u2019s EV actions could help Elon Musk<\/h2>\n\n\n\n

Trump in his speech vowed that one of his first actions in office would be to repeal an electric vehicle mandate.<\/p>\n\n\n\n

\u201cThrough my action today we will end the Green New Deal and we will revoke the electric vehicle mandate, saving our auto industry and keeping my sacred pledge to our great American auto workers,\u201d he said. \u201cIn other words, you\u2019ll be able to buy the car of your choice.\u201d<\/p>\n\n\n\n

However, there is no such mandate.<\/p>\n\n\n\n

The Environmental Protection Agency in March rolled out the new tailpipe emission rule<\/a>s that targeted 35% to 56% of all new car sales be EVs by 2032.<\/p>\n\n\n\n

Americans are able to buy traditional gasoline-powered vehicles and have continued to do so. Electric vehicle sales in the US rose about 7% in 2024 to 1.3 million vehicles, according to figures from Cox Automotive, but that made up only 8% of passenger vehicles sales of 16 million during the year.<\/p>\n\n\n\n

Elon Musk, a key supporter of Trump and the CEO of Tesla, the world\u2019s largest EV maker, has said on his social media platform X that he supports ending tax credits for EV buyers.<\/p>\n\n\n\n

Auto analysts believe that ending the tax credit would benefit Tesla, even though it makes Tesla cars more price competitive with gasoline-powered vehicles. But ending the credit is likely to reduce competition Tesla now faces from legacy automakers who are rolling out more EV models of their own.<\/p>\n\n\n\n

States vow to continue climate action after Trump\u2019s withdrawal from Paris<\/h2>\n\n\n\n

Two Democratic governors that co-chair the bipartisan US Climate Alliance \u2014 a group of 24 states and territories \u2014 said they would lead an American delegation to the annual UN climate negotiations, slated to take place in Brazil in late 2025.<\/p>\n\n\n\n

\u201cIt\u2019s critical for the international community to know that climate action will continue in the US,\u201d New York Gov. Kathy Hochul and New Mexico Gov. Michelle Lujan Grisham said in a statement. \u201cThe alliance will bring this message to COP30.\u201d<\/p>\n\n\n\n

A United Nations official who oversees climate change negotiations reiterated \u201cthe door remains open to the Paris Agreement\u201d after President Donald Trump withdrew the US from the landmark climate agreement for the second time.<\/p>\n\n\n\n

\u201cWe welcome constructive engagement from any and all countries,\u201d UN Climate Change executive secretary Simon Stiell said in a statement.<\/p>\n\n\n\n

Stiell emphasized the importance of the clean energy boom around the world, valued at $2 trillion last year and rising \u2014 and warned that countries that don\u2019t embrace it will be left behind. He was echoed by other climate groups.<\/p>\n\n\n\n

\u201cThere is no energy emergency. There is a climate emergency,\u201d Natural Resources Defense Council president Manish Bapna said in a statement. \u201cThe United States is producing more oil and gas than any country in history. On the tailwinds of successful climate and energy policy, the nation is producing more clean power than ever.\u201d<\/p>\n\n\n\n

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SOURCE: CNN- President Donald Trump signed executive actions Monday and cemented his intent to double down on fossil fuels and reverse America\u2019s progress on climate change and clean energy, including signing orders to pull United States out of the Paris climate agreement. Trump\u2019s day-one actions come as climate change-fueled fires ravage Southern California, following the globe\u2019s hottest […]<\/p>\n","protected":false},"author":12,"featured_media":222859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-222858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nTrump signs actions to pull US out of Paris climate agreement, intends to promote fossil fuels and mineral mining - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/trump-signs-actions-to-pull-us-out-of-paris-climate-agreement-intends-to-promote-fossil-fuels-and-mineral-mining\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump signs actions to pull US out of Paris climate agreement, intends to promote fossil fuels and mineral mining\" \/>\n<meta property=\"og:description\" content=\"SOURCE: CNN- President Donald Trump signed executive actions Monday and cemented his intent to double down on fossil fuels and reverse America\u2019s progress on climate change and clean energy, including signing orders to pull United States out of the Paris climate agreement. 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