Trump declares war on planet

Advertisement

From NBC:

In a rare prepared speech, Donald Trump outlined his energy policy in Bismarck, North Dakota.

Trump is known for bucking conservative orthodoxy but, on Thursday, the presumptive Republican presidential nominee largely hewed to the typical Republican line. Reading from a teleprompter, Trump called for reducing restrictions on energy exploration, opening up more federal lands to drilling, and reducing dependence on foreign oil. He said he would try to reopen negotiations to build the Keystone XL pipeline, which President Obama rejected.

Trump railed against the “totalitarian tactics” of the Environmental Protection Agency. He pledged to dismantle the EPA entirely in an April town hall, although he referred to it at the time as the “Department of Environmental” and “DEP.” He assailed Hillary Clinton for saying in March that fracking projects would be unlikely to pass muster under her environmental regime.

“Hillary’s agenda is job destruction. My agenda is job creation,” Trump said.

He railed against “draconian climate rules” and said he would “cancel” the Paris climate agreement and withdraw any funding for United Nations programs related to global warming. Trump has repeatedly called climate change a “hoax” in the past, bucking the overwhelming international scientific consensus that man-made emissions are spurring a dangerous increase in global temperature.

…In recent days, Trump has pledged to reopen mines in states like Pennsylvania, Ohio, Indiana, and West Virginia — something experts say is unlikely given that the industry is in a long decline thanks to competition from cheaper alternatives like natural gas.

“We’re going to save that coal industry, believe me, we’re going to save it,” Trump said on Thursday.

Asked before his speech whether he was over-promising based on these obstacles, Trump said “market forces are beautiful,” and he wouldn’t interfere with competition. But he predicted he would be able to restore coal jobs by removing environmental regulations.

Trump’s contempt for regulations did not seem to extend to renewable energy, though, where he complained that wind turbines were “killing all of the eagles” and predicted the industry would fail without subsidies.

Despite this, he said he was “into all kinds of energy” and added in his speech that nuclear, solar, and wind power would play a role in the future.

The species is doomed.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.