Trump withdraws US from climate deal

 CNBC:

President Donald Trump on Monday declared a national energy emergency and ordered the U.S. to withdraw from the Paris climate agreement, as he seeks to implement a sweeping agenda aimed at boosting fossil production.

“The inflation crisis was caused by massive overspending and escalating energy prices and that is why today I will also declare a national energy emergency. We will drill, baby, drill,” Trump said during his inaugural address. The president promised during his campaign to slash energy costs in half within the first year of his administration.

Trump’s declaration directed the heads of federal agencies “to identify and exercise any lawful emergency authorities available to them” to facilitate the leasing, siting, production and generation of domestic energy sources including on federal lands.

“The national energy emergency is crucial because we are in an AI race with China, and our ability to produce domestic American energy is so crucial such that we can generate the electricity and power that’s needed to stay at the global forefront of technology,” a White House official told reporters earlier Monday.

Trump is abandoning the Biden administration’s domestic and international commitments to fight climate change. The U.S. will consider its withdrawal from the Paris climate agreement to be effective as soon as the U.N. ambassador submits notification to the United Nations, according to the president’s executive order. The landmark international treaty seeks to limit rising global temperatures to 1.5 degrees Celsius.

Trump also signed orders to revoke former President Joe Biden’s actions that barred oil and gas drilling in large swathes of the Arctic and in U.S. coastal waters, a move that will likely be contested in court.

He also repealed Biden administration goals for half of all new car sales to be zero-emission vehicles by 2030, to achieve a carbon-free electricity sector by 2035, and to achieve net-zero emissions no later than 2050.

The U.S. has been the largest producer of crude oil in the world for years, outpacing Saudi Arabia and Russia. The CEOs of Exxon and Chevron have said oil and gas production levels are based on market conditions and are unlikely to increase significantly in response to who is in the White House.

“There’s still some upside,” Chevron CEO Mike Wirth told CNBC’s Brian Sullivan in a Jan. 8 interview. “But probably not growth at the rate that we’ve seen over the last number of years as particularly some of these new shale plays begin to mature,” Wirth said.
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The climate kooks in the Biden administration were driving up the cost of energy and impacting the US economy and US national security.  It should also be clear by now that EVs are not up to the challenge of replacing fossil fuel vehicles on a wholesale basis.  While Tesla has been able to sell EVs other makers are lagging.  And Tesla has not sold that many trucks so far.  Ford, Chevy, and Toyota are still the major sellers of pickup trucks.