Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Trump’s actions undermine his acknowledged objective of ‘vitality dominance’ – Las Vegas Solar Information

by Index Investing News
February 10, 2025
in Opinion
Reading Time: 4 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter


Monday, Feb. 10, 2025 | 2 a.m.

President Donald Trump has made a grand rhetorical present of his so-called imaginative and prescient for “American vitality dominance,” promising to unleash home vitality manufacturing and safe a various, dependable and rising provide.

However for all of the daring rhetoric, Trump’s actions inform the story of a president utilizing his workplace to prop up fossil gas executives who donated to his marketing campaign whereas kneecapping the industries that would improve vitality independence and financial alternative for American staff.

Nowhere is that this clearer than Trump’s Day 1 govt order pausing all new authorizations for onshore and offshore renewable vitality initiatives, successfully freezing the event of wind and solar energy on federally managed land for at the very least 60 days.

This transfer does nothing to advertise vitality independence however as an alternative strongly tilts the system in favor of the oil and gasoline business, which contributed greater than $14 million to Trump’s 2024 marketing campaign and was the fourth-largest supply of marketing campaign contributions. Throughout a gathering with oil business executives in the course of the marketing campaign, Trump stated they need to give him $1 billion as a result of he promised to make them richer.

Even for individuals who are skeptical of local weather science or detached to environmental issues, Trump’s determination must be alarming. The renewable vitality sector isn’t just about environmental stewardship; it is among the fastest-growing industries within the nation, offering good-paying jobs and attracting billions of {dollars} in personal funding.

In line with the American Clear Energy Affiliation, the U.S. wind business alone employs 130,000 Individuals straight and helps one other 170,000 jobs not directly. Photo voltaic vitality helps over 279,000 jobs. These jobs span manufacturing, building, operations and upkeep, providing financial lifelines to communities with various levels of training that will have seen legacy industries decline. Furthermore, the business is ripe for development, particularly in states with massive plots of undeveloped federal land, like Nevada.

The Division of Power’s Nationwide Renewable Power Laboratory (NREL) estimates that federal lands alone might generate as a lot 80 gigawatts of renewable vitality by 2035. That’s sufficient vitality to energy tens of thousands and thousands of houses and would signify a nine-fold enhance over present manufacturing on federal lands. Blocking these initiatives gained’t create vitality independence; it’s going to solely proceed the U.S. reliance on fossil fuels and international vitality sources, all whereas forfeiting tens of 1000’s of good-paying jobs.

If Trump have been critical about vitality dominance, he would encourage funding in all types of home vitality, together with renewables, moderately than selecting winners and losers primarily based on the pursuits of his political donors or his private obsessions grounded in Fifties America. As a substitute, his administration is artificially disadvantaging competitors, manipulating the free market.

America’s energy grid and transportation methods are advanced, antiquated and sorely in want of enchancment and enter from many assets. That comes from constructing a various and resilient vitality portfolio — one that features oil and gasoline but additionally wind, photo voltaic, hydroelectric, geothermal, small modular nuclear reactors and rising applied sciences. A nation that depends solely on fossil fuels is weak to cost shocks, geopolitical instability and the declining economics of growing old infrastructure.

Wind and photo voltaic are already proving their value. Wind energy now generates greater than 10% of U.S. electrical energy, making it the nation’s largest renewable vitality supply. Almost all (99%) onshore wind initiatives are on personal land, that means that Trump’s govt order can not cease them. However his transfer to dam offshore wind improvement — a key business for coastal states, together with pink states alongside what we proceed to name the Gulf of Mexico — might have a chilling impact on funding, slowing job creation and financial development in areas that desperately want it.

Including to the irony of Trump’s transfer is that most of the states which have benefited probably the most from onshore wind vitality, corresponding to Texas, Iowa, Oklahoma and Kansas, are deeply Republican. In North Dakota, the place Trump’s nominee to guide the Division of the Inside, Doug Burgum, served as governor, wind energy gives 36% of the state’s electrical energy. It really works. Republicans understand it even when they associate with Trump’s knuckle dragging.Blocking new renewable initiatives isn’t just an assault on “woke blue states” that assist local weather motion, it’s a direct hit on rural economies which have come to depend on clear vitality for jobs and tax income.

Trump’s rhetoric on vitality dominance is greater than a smokescreen for company favoritism, it’s the strident rumblings of a person whose understanding of the world is 60 years out of contact. His administration isn’t working to “unleash American vitality,” it’s working to hurt the long run in hopes of defending a previous we’ve moved past as a technological tradition.

This isn’t capitalism; it isn’t pro-business and it actually isn’t pro-worker. It’s crony capitalism welded to crazed nostalgia, plain and easy. And it’s the American public who can pay the worth within the type of larger prices for a much less dependable and extra chaotic vitality portfolio.





Source link

Tags: actionsdominanceEnergygoallasNewsStatedsunTrumpsUndermineVegas
ShareTweetShareShare
Previous Post

Donald Trump to impose 25% tariffs on metal and aluminium imports

Next Post

Anxiousness Over Mortgage Charges, Hire And Residence Costs Begins To Mount

Related Posts

Well being Speak: Why CBSE’s transfer to have sugar boards in colleges is wholesome

Well being Speak: Why CBSE’s transfer to have sugar boards in colleges is wholesome

by Index Investing News
May 25, 2025
0

A brand new Central Board of Secondary Schooling (CBSE) directive has requested colleges affiliated to it throughout the nation to...

Authorities-Assisted Suicide Is Spreading Throughout The Western World – FREEDOMBUNKER

Authorities-Assisted Suicide Is Spreading Throughout The Western World – FREEDOMBUNKER

by Index Investing News
May 24, 2025
0

Is it humanitarian empathy, or a nihilistic demise cult that wishes a authorized rationale for inhabitants management?  The legislative push...

‘Advance tipping’ on ride-hailing apps is merely a symptom of lax legislation enforcement

‘Advance tipping’ on ride-hailing apps is merely a symptom of lax legislation enforcement

by Index Investing News
May 24, 2025
0

In a publish on X final week Pralhad Joshi wrote, “Forcing or nudging customers to pay a tip upfront for...

The issue with utilizing the phrase ‘plantation’ –
Las Vegas Solar Information

The issue with utilizing the phrase ‘plantation’ – Las Vegas Solar Information

by Index Investing News
May 24, 2025
0

Saturday, Could 24, 2025 | 2 a.m. The biggest remaining antebellum plantation mansion within the South has burned to the...

Local weather hysterics groom our children to affix the left’s crusades

Local weather hysterics groom our children to affix the left’s crusades

by Index Investing News
May 24, 2025
0

Excessive privilege and fame have by no means been a recipe for emotional stability, however in the present day’s Hollywood...

Next Post
Anxiousness Over Mortgage Charges, Hire And Residence Costs Begins To Mount

Anxiousness Over Mortgage Charges, Hire And Residence Costs Begins To Mount

Arweave makes its computing platform AO mainnet Stay!

Arweave makes its computing platform AO mainnet Stay!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Nelson Rising, California CRE Titan, Dies at 81

Nelson Rising, California CRE Titan, Dies at 81

February 11, 2023
Pep Guardiola admits he is spoilt for choice with fully-fit Man City squad

Pep Guardiola admits he is spoilt for choice with fully-fit Man City squad

February 1, 2024
Mainland Chinese language buyers snap up a report quantity of Hong Kong shares

Mainland Chinese language buyers snap up a report quantity of Hong Kong shares

March 11, 2025
Early Retirement at 36 by Doing What EVERY Entrepreneur Should

Early Retirement at 36 by Doing What EVERY Entrepreneur Should

February 20, 2024
Personal Consumption Expenditures Price Index: +0.2%

Personal Consumption Expenditures Price Index: +0.2%

August 31, 2023
Moderna, Inc Q2 2023 Earnings Conference Call Insights

Moderna, Inc Q2 2023 Earnings Conference Call Insights

August 3, 2023
Hedera (HBAR) Joins UKCBC Alongside Ripple & Coinbase

Hedera (HBAR) Joins UKCBC Alongside Ripple & Coinbase

March 22, 2024
Billionaire Investor Invoice Ackman Has 100% of His  Billion Portfolio in Simply 9 Shares, However There Have been Seismic Modifications Throughout the Quarter

Billionaire Investor Invoice Ackman Has 100% of His $10 Billion Portfolio in Simply 9 Shares, However There Have been Seismic Modifications Throughout the Quarter

August 17, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In