While U.S. oil and gas producers are enthusiastic about President Trump's pro-domestic energy agenda, they express concern over his decision to withdraw the U.S. from the Paris Climate Agreement for the second time. Industry representatives believe this move limits American influence on the global energy transition and creates an unpredictable regulatory environment.
U.S. oil and gas producers are thrilled that President Donald Trump wants to encourage domestic energy development but say hisThe position reflects a rare note of discord between Mr. Trump and Big Oil, one of his most important constituencies and long considered the top villain behind climate change for pumping and selling the fossil fuels driving planetary warming.
Big U.S. oil companies, however, believe the withdrawal only limits Washington’s ability to influence a continuing global energy transition and exposes them to an uneven regulatory environment, according to Reuters interviews with industry representatives. Bethany Williams, a spokesperson for the American Petroleum Institute – whose members include Exxon Mobil Corp. and Chevron Corp. – said the group has “long supported the ambitions of the Paris Agreement.”
Exxon and Occidental Petroleum Corp. did not respond to requests for comment. Chevron and ConocoPhillips declined to comment. A shift in the U.S. power industry away from coal has contributed to a roughly 17 per cent decline in U.S. carbon dioxide emissions since 2007, according to government data.
CLIMATE CHANGE ENERGY POLICY PARIS AGREEMENT OIL INDUSTRY TRUMP ADMINISTRATION
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump withdraws U.S. from Paris climate deal—againUnited States President Donald Trump will once again withdraw the U.S. from the Paris climate deal, the White House said on Monday.
Read more »
Trump to Withdraw US from Paris Climate Deal AgainPresident Donald Trump is set to withdraw the United States from the Paris climate agreement for the second time in a decade, placing the country alongside Iran, Libya, and Yemen as the only nations outside the pact. This decision reflects Trump's skepticism towards global warming and his focus on maximizing oil and gas production. The withdrawal is expected to take a year and could significantly damage global climate efforts.
Read more »
Trump says he’s withdrawing the U.S. from the Paris climate agreement againPresident Donald Trump says he will again withdraw the United States, a top carbon polluting nation, from the landmark Paris climate agreement, dealing a blow to worldwide efforts to combat global warming and once again distancing the U.S. from its closest allies.
Read more »
Trump Withdraws US From Paris Climate Agreement AgainUS President Donald Trump has announced the withdrawal of the United States from the Paris Agreement, a global climate accord. This marks the second time Trump has taken this action, reversing President Joe Biden's 2021 re-entry into the agreement. Canada's environment minister, Steven Guilbeault, expressed disappointment but emphasized that global efforts to combat climate change continue despite the US withdrawal.
Read more »
Canada to Press Forward on Climate Action Despite Trump's Paris Agreement WithdrawalCanada's environment minister says the world must continue fighting climate change, regardless of President Trump's decision to withdraw the US from the Paris Agreement for a second time.
Read more »
Trump Withdraws U.S. from Paris Climate AgreementPresident Trump formally withdraws the United States from the Paris Agreement on climate change, citing its negative impact on American industries and a perceived unfairness towards the U.S. compared to other countries like China.
Read more »