President Donald Trump’s landslide election offers evidence that a majority of Americans have lost patience and charity for woke government policies premised upon alarmist pseudoscience claims that choke energy-driven consumer commodity costs and lifestyles, business and employment opportunities, and national prosperity and security. [emphasis, links added]
What’s more, he has wasted no time proving to the entire world that he’s serious about changing all of that pronto.
One of his first actions upon taking office was to withdraw the U.S. from the Paris Climate Accord, declaring, “The United States will not sabotage our industries while China pollutes with impunity.”
Key among his energy initiatives, Trump, in concert with GOP leaders has vowed to dismember the massive Inflation Reduction Act (IRA), the Democrat’s signature Green New Deal (often referred to as the “Green New Scam”) along with the so-called 2021 Bipartisan Infrastructure Law and 2022 CHIPS and Science Act.
Together, these Democrat green energy grifts authorized funds for electric vehicle charging stations to be made available through the National Electric Vehicle Infrastructure Formula Program and the Charging and Fueling Infrastructure Discretionary Grant program.
A Trump executive order (EO) now allows the White House and Congress to roll back and revise IRA rules under the Congressional Review Act, including special interest tax credits, low-interest loans, and grant programs that by some estimates could save taxpayers an annual $1 trillion.
Trump overturned EPA vehicle emission regulations essentially mandating that automobile manufacturers shift at least 59% production to EVs and 16% hybrids by 2032, rescinded Biden’s 2021 EO requiring all government vehicle purchases be emission-free by 2035, and still another Trump EO issued a notice of intent to eliminate EV subsidies.
The president also blocked pending California fuel emission waivers greenlighted by the previous administration allowing the state to set even stricter emission regulations than the federal government.
New York, Maryland, and Virginia are among many states that were poised to join California’s zero-emission policies.
As Trump promised, “You’ll be able to buy the car of your choice. We will build automobiles in America again at a rate that nobody could have dreamt possible a few years ago.”
A comprehensive Trump EO declaring a “national energy emergency” is primarily related to the infrastructure needed to increase fuel and electricity generation and the capacity to deliver energy to meet demand…calls for streamlining the “identification, leasing, development, production, transportation, refining, and generation capacity of the United States.”
President Trump directed his administration’s Department of Energy under new Secretary Chris Wright to restore oil and gas leasing on 13 million acres of Alaska’s 23-million-acre National Petroleum Reserve and reversed Biden’s EO that restricted offshore drilling across 625 million acres off the East and West Coasts.
A Trump EO titled Unleashing American Energy lifts a January 2024 Biden pause placed on LNG exports, directing his Energy secretary to “restart reviews of applications for approvals of liquified natural gas exports as expeditiously as possible.”
Another EO, Restoring America’s Mineral Dominance, includes rare earth materials essential to numerous advanced electronic systems, installing a “whole of government” synthesis to “identify all agency actions that impose undue burdens on domestic mining and processing of nonfuel minerals and undertake steps to revise or rescind such actions.”
Among numerous and varied Biden EOs reversed by Trump, several directly take on climate fearmongering and energy virtue-signaling excuses to regulate fossil energy into oblivion with no practical alternatives on the immediate horizon.
Biden EOs revoked by Trump, include:
Tackling the Climate Crisis at Home and Abroad, Establishment of the Climate Change Support Office, Strengthening America’s Leadership in Clean Cars and Trucks, and Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability.
An all-encompassing Trump EO, Initial Recissions of Harmful Executive Orders and Actions, aims to rid all federal agencies of the “divisive and dangerous preferential hierarchy” imposed by woke diversity, equity, and inclusion (DEI) policies.
A related EO revokes Biden’s EO, Revitalizing Our Nation’s Commitment to Environmental Justice.
The past year has already seen a growing list of Fortune 500 companies dial back on DEI preferential programs, including Meta, Walmart, Ford, McDonald’s, Harley-Davidson, John Deere, Tractor Supply Company, Lowe’s, Molson Coors, Nisan, Toyota, and Stanley Black & Decker.
Big corporate “Environment Social Guidance” (ESG) titans had begun to recognize that ideologically hyped climate and social equity-based investments were becoming increasingly difficult to sell due to inferior market performance before Republicans won the White House and Congress.
Six of the largest U.S. banks — Goldman Sachs, Citigroup, Wells Fargo, JPMorgan Chase, Bank of America, and Morgan Stanley — had dropped out of the U.N.-sponsored Net-Zero Banking Alliance within weeks of the election.
The Net Zero Asset Managers initiative (NZAMi) announced that it would suspend activities on January 13, just days after giant investor BlackRock dropped out of the club on January 9.
These ESG departures followed in the wake of half of Net-Zero Insurance Alliance membership jumping ship in 2023.
A big reason for this mass corporate exodus from ESG revolves around legal liabilities to fund managers for violating fiduciary responsibilities to investors under the 1974 Employee Retirement Investment Security Act (ERISA) protections.
This risk follows a Jan. 13 U.S. district court ruling that American Airlines mishandled its employees’ retirement funds by allowing fund managers to pursue ESG investments.
So no, woke climate-driven energy policies make neither dollars nor sense for America … or anywhere else.
Read more at Newsmax
