“Very early on in the Trump administration, you will see Obama executive orders undone,” said Stephen Brown, vice president for federal government affairs at oil refiner Tesoro Corp. He predicted the social cost of carbon and NEPA guidance, both of which have “far-reaching implications” for fossil fuel infrastructure, would be among the first to go.
President-elect Donald Trump’s team has launched www.greatagain.gov, a new clearinghouse for information about his policies and transition to power. The website broadly sketches out Trump’s plans for the stretch between Election Day and Inauguration Day on Jan. 20.
German industrial group Siemens sees an opportunity to profit from increased infrastructure investment in the United States following the surprise victory of Donald Trump in the presidential election, its chief executive said on Thursday. “Give him a chance, let’s see what we can do together and take the positive out of it,” Joe Kaeser said in an interview on Bloomberg TV.
The election of climate change skeptic Donald Trump as president is likely to end the U.S. leadership role in the international fight against global warming and may lead to the emergence of a new and unlikely champion: China. China worked closely with the administration of outgoing President Barack Obama to build momentum ahead of the 2015 Paris Agreement on climate change. The partnership of the two biggest greenhouse gas emitters helped get nearly 200 countries to support the pact at the historic meet in France’s capital.
“I truly believe that they will pursue an all-of-the-above energy initiative similar to what President Obama did upon him taking office,” said Abbey. “I would hope that that would continue to be an emphasis under the new administration, but having said that, I do know that his statements would lead me to believe that there’s going to be probably a greater emphasis on the use of fossil fuels.”
A Trump presidency will not “stop the train” on solar power, an industry official predicted yesterday. The surprising victory of President-elect Donald Trump on Tuesday left many environmentalists speculating that the new administration would automatically slash support for solar dramatically, as well as other renewables. Solar stocks plunged after the election on expectation that renewables generally might not fare well in the next four years, particularly with the industry’s expected loss of the boost from the Clean Power Plan and other climate policies.
In the aftermath of Donald Trump’s win Tuesday, executives, regulators and clean energy advocates viewed the president-elect’s caustic attitude toward carbon-free energy with a glass-half-full attitude. Even as they expect the pace of change in the electricity sector to slow, they don’t expect a reversal of trends already baked into an era of advancing energy technology.
Both before and during the campaign, Trump has criticized energy policies designed to help wind and solar power compete with fossil fuels. As recently as last month, he called the two leading renewable energy technologies “very problematic,” “very expensive” and, in the case of wind power, harmful to wildlife. Industry officials have worked hard to counter those arguments, saying renewables have become an integral part of the U.S. energy mix and will continue to grow as consumer demand and environmental concerns mount over emissions from traditional power plants.
The Obama administration on Thursday took a major step toward encouraging development of renewable energy on federal lands in six Western states by establishing a competitive bidding process similar to how oil and gas leases are awarded. Solar and wind developers have long sought to unlock the potential of millions of acres of federal lands in the U.S. West, but have primarily sited projects on private lands because building there is quicker.
The Interior Department today finalized a new rule establishing a competitive leasing process for renewable energy projects on federal lands, a move the agency says will ensure future administrations continue to advance green energy projects. The final rule unveiled today by Interior Secretary Sally Jewell is the agency’s top remaining renewable energy task to be completed before President Obama leaves office in January.