Fossil Fuels Winning Over Green Energy
The U.S. Department of Transportation Maritime Administration approved an application for the Texas Gul fL ink, LLC (TGL) Deepwater Port License Application, which was applied for in 2019. Inside Climate News reports, “The Trump administration approved plans on Friday for a second deepwater oil loading terminal off the Texas coast, opening another door for continued long-term growth in American crude production and exports.”
International Agreements
An ICN analysis of the announcement is, “It’s the administration’s latest rejection of previous international agreements to move away from fossil fuels as a means to mitigate the carbon emissions fueling dangerous global warming.”
The administration has already paused new leases for wind farms and stopped leasing applications. It may also remove residential solar credits and make the industrial solar sector more difficult by removing funding.
Rise Of Oil And Coal
The net result of all this activity is a surge in the need for oil and coal. Sixty percent of electricity generation comes from fossil fuels, primarily natural gas and coal.
Most of the oil produced in America is used for transportation, with the lion’s share going to cars and heavy trucks. Rising oil production will reduce gas prices, making gas-powered cars more affordable. The end of the $7,500 EV tax credit makes the challenge even harder.
More from ClimateCrisis 247
- Climate Change Threatens Future Of Renewable Energy
- Canada Hits Michigan And Ohio With 25% Electricity Tariffs
- China’s Oil Hunger Starts To Fall As It Begins To Go Green
- Air Conditioning Drives Rising Coal Use
