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Trump's Fight Against the CPP was Over Before It Began

Written by Keith Kohl
Posted March 29, 2017

We all knew it was coming, but it’s still funny to see it actually happen…

Tuesday, President Donald Trump signed a shiny new executive order that essentially shut down the Clean Power Plan so long lauded by Obama and his supporters.

The order also removes many restrictions on oil and gas development, fracking, and… coal mining.

Yes, he’s still on that wild goose chase, folks.

While the U.S. oil and gas market has a chance to thrive under recovering prices, there’s just no bringing coal back to its former glory.

And it’s not just that he’s beating a dead horse, either. This executive order sets the U.S. apart from a number of other countries, some of the biggest in the energy industry, who are sticking to the agreement made in Paris in 2015 to reduce global greenhouse gas emissions.

To be fair, it is a bigger problem is some countries than others…

China Sinking SmogChina, for instance, stated that it would be adhering to the agreement after it was announced that Trump had signed U.S. participation away.

As you can see from the picture above, it’s kind of a pressing issue. That’s not natural fog spiriting those buildings away, it’s heavy, dangerous smog.

But smog or no, Chinese officials have said that reducing carbon emissions is a global effort.

The Paris Agreement, which was created to share the responsibility between nearly 200 countries, called for the halt of greenhouse gas emissions growth in order to keep global warming from surpassing 2 degrees Celsius (3.6 degrees Fahrenheit).

"No matter how other countries' policies on climate change change,” says Chinese Foreign Ministry spokesman Lu Kang, “as a responsible large developing country, China's resolve, aims and policy moves in dealing with climate change will not change.”

China's clearly taking the initiative very seriously, and it's not alone. So why do I think it's funny that the U.S. has been opted out?

Because the majority of the world, and indeed much of the U.S., is already pushing for clean energy investment and a reduction in fossil fuel use — especially Trump’s favorite, coal.

And this was without any of the mandates from the CPP. In fact, states were already fighting the plan long before Trump got anywhere near it. So his dramatic campaign against it was hardly worth all the hype.

All the executive orders in the world can’t stop clean energy or save coal now.

To continue reading about China’s plans for a cleaner climate, click here to read the Reuters article.

Until next time,

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Keith Kohl

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A true insider in the energy markets, Keith is one of few financial reporters to have visited the Alberta oil sands. His research has helped thousands of investors capitalize from the rapidly changing face of energy. Keith connects with hundreds of thousands of readers as the Managing Editor of Energy & Capital as well as Investment Director of Angel Publishing's Energy Investor. For years, Keith has been providing in-depth coverage of the Bakken, the Haynesville Shale, and the Marcellus natural gas formations — all ahead of the mainstream media. For more on Keith, go to his editor's page.

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