Trump Will Not Risk US Energy Wealth for Windmill Dreams



Trump Will Not Risk US Energy Wealth for Windmill Dreams
The president addressed the issue of climate change by citing surging exports of both crude oil and natural gas.

(Bloomberg) -- President Donald Trump said he was not willing to sacrifice the abundant fossil energy wealth of the U.S. on “dreams” such as renewable power.

“We’re the No. 1 energy producer in the world,” Trump said Monday in France. “I’m not going to lose that wealth on dreams, on windmills, which, frankly are not working all that well.”

Trump made the comments when asked about climate change at the end of a summit of Group of Seven leaders in Biarritz, France, and as fires devastating the Amazon rainforest draw renewed attention to the issue.

Trump addressed the issue of climate change by citing surging exports of both crude oil and natural gas -- a frequent refrain for the president, who has celebrated what he calls American “energy dominance.” He also has frequently disparaged wind power, previously suggesting that turbines drive down real estate values, kill birds and, without citing evidence, cause cancer.

Energy development has enriched the U.S., Trump said.

“We have to maintain this incredible place that we’ve all built,” Trump said Monday. “We’ve become a much richer country, and that’s a good thing, not a bad thing, because that great wealth allows us to take care of people.”

He ignored a shouted question about whether he believes in climate change.

However, under Trump, the U.S. has balked at sending climate aid to other nations, as part of the Paris agreement, a global pact inked in 2015 to slash greenhouse gas emissions that drive the phenomenon. Trump announced during his first year in office that the U.S. would abandon the accord, negotiated during the administration of Barack Obama.

Climate issues have come into sharper focus as fires burn across the Amazon, the world’s biggest rainforest, a cradle of biodiversity that is responsible for generating roughly a fifth of the world’s oxygen and absorbing some of the carbon dioxide emitted into the atmosphere. The fires themselves are unleashing greenhouse gases trapped in its trees and hastening the deforestation of the Amazon, which acts a vital buffer against climate change.

At the G-7 summit, French President Emmanuel Macron had sought to use the Amazon emergency to shift attention to the environment and try to slow deforestation in Brazil. Trump did not personally attend a G-7 session on climate change Monday morning though White House officials were reported to be in the event. According to reports, Macron urged journalists not to read too much into Trump’s absence, said to be the result of a scheduling conflict.

To contact the reporters on this story:
Jennifer A. Dlouhy in Washington at jdlouhy1@bloomberg.net;
Josh Wingrove in Biarritz, France at jwingrove4@bloomberg.net

To contact the editors responsible for this story:
Jon Morgan at jmorgan97@bloomberg.net
Elizabeth Wasserman



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Rudolf Huber  |  August 27, 2019
Only a fool would destroy his economic foundation on the basis of an unproven theory knowing that the replacement does not work well, is very unreliable and expensive and is caught with its fingers in the honey pot far too often. Trump has what it takes to stand up to the rest of the world. The world is not used to a US president that will stare it down. It is used to US presidents that bow to autocrats. Change is here.
Randy Verret  |  August 26, 2019
While I don't necessarily agree with the constant "energy dominance" drumbeat, I do have one observation about U.S emissions performance. Rather than focusing endlessly on the Paris Climate agreement, why not examine ACTUAL emissions reductions? If anyone is not aware, the U.S has FAR outperformed all other industrialized nations in CO2 reductions. According to EPA data, our CO2 output is the LOWEST it's been since 1992 and criteria pollutants, as I recall, are down 70% from 1970 levels. The FREE MARKET is dictating this world class performance, not a commitment to a treaty. Good luck finding any of this out in the mainstream media...