US Wants Panama Canal Amid $100 Million Climate Change Lose

By Douglas McIntyre  •  December 25, 2024

Douglas McIntyre, Editor-in-Chief of Climate Crisis, discusses President-elect Trump’s interest in reclaiming the Panama Canal, which the U.S. previously owned. While strategically advantageous for controlling enemy shipping, the canal faces substantial financial and environmental challenges. Recent droughts have caused monthly revenue losses of $100 million, and ongoing climate change predicts long-term drought conditions. The U.S. must consider both the purchase cost and the high maintenance expenses in a drought-prone region before pursuing ownership.

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