Wednesday, November 9, 2016

Impact of Trump’s victory on Climate Change



“If you want a snapshot of what the global energy map will look like under President Donald Trump, look no farther than the stock market.
Glencore Plc, the world’s top coal trader, surged more than 5 percent on Wednesday. Vestas Wind Systems A/S, the world’s biggest wind-turbine maker, plunged as much as 13 percent. The swing foretells a story of fossil fuels making a comeback, while the fight against climate change -- and investment in wind and solar power -- languishes.
In his only major energy policy speech ahead of the elections, Trump said that he would rescind “job-destroying” environmental regulations within 100 days of taking office and cancel the climate deal reached last year in Paris.

‘A Trump administration will focus on real environmental challenges, not the phony ones we’ve been looking at,’ Trump told supporters in May in North Dakota, the birth-place of the U.S. shale revolution.”

1 comment:

  1. Definitely doesn't look to good as far as the short hopefully 4 year term outlook as well as the future implications of the damage he may cause if he does what he says

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