Download now: Oil Price Outlook 2024

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

Keith Kohl

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,

Keith Kohl Signature

Keith Kohl

follow basicCheck us out on YouTube!

A true insider in the technology and energy markets, Keith’s research has helped everyday investors capitalize from the rapid adoption of new technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the Managing Editor of Energy & Capital, as well as the investment director of Angel Publishing’s Energy Investor and Technology and Opportunity.

For nearly two decades, Keith has been providing in-depth coverage of the hottest investment trends before they go mainstream — from the shale oil and gas boom in the United States to the red-hot EV revolution currently underway. Keith and his readers have banked hundreds of winning trades on the 5G rollout and on key advancements in robotics and AI technology.

Keith’s keen trading acumen and investment research also extend all the way into the complex biotech sector, where he and his readers take advantage of the newest and most groundbreaking medical therapies being developed by nearly 1,000 biotech companies. His network includes hundreds of experts, from M.D.s and Ph.D.s to lab scientists grinding out the latest medical technology and treatments. You can join his vast investment community and target the most profitable biotech stocks in Keith’s Topline Trader advisory newsletter.

Angel Pub Investor Club Discord - Chat Now

Keith Kohl Premium



Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.