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Home > "Weak Federal Powers Could Limit Trump’s Climate-Policy Rollback"

"Weak Federal Powers Could Limit Trump’s Climate-Policy Rollback" [1]

"With Donald J. Trump about to take control of the White House, it would seem a dark time for the renewable energy industry. After all, Mr. Trump has mocked the science of global warming as a Chinese hoax, threatened to kill a global deal on climate change and promised to restore the coal industry to its former glory.

So consider what happened in the middle of December, after investors had had a month to absorb the implications of Mr. Trump’s victory. The federal government opened bidding on a tract of the ocean floor off New York State as a potential site for a huge wind farm.

Up, up and away soared the offers — interest from the bidders was so fevered that the auction went through 33 rounds and spilled over to a second day. In the end, the winning bidder offered the federal Treasury $42 million, more than twice what the government got in August for oil leases — oil leases — in the Gulf of Mexico."

Justin Gillis reports for the New York Times January 2, 2016. [2]

Economy & Business [3]
Energy & Fuel [4]
National (U.S.) [5]
Public [6]
Source: NY Times [2], 01/02/2017
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Source URL:https://www.sej.org/headlines/weak-federal-powers-could-limit-trump%E2%80%99s-climate-policy-rollback

Links
[1] https://www.sej.org/headlines/weak-federal-powers-could-limit-trump%E2%80%99s-climate-policy-rollback [2] http://www.nytimes.com/2017/01/02/science/donald-trump-global-warming.html?ref=energy-environment [3] https://www.sej.org/category/topics-beat/business [4] https://www.sej.org/category/topics-beat/energy [5] https://www.sej.org/category/region/national [6] https://www.sej.org/taxonomy/term/81