Fwd: Trump's fossil fuel pressure campaign

0 views
Skip to first unread message

Loretta Lohman

unread,
Oct 27, 2025, 10:45:11 AM (12 days ago) Oct 27
to weather, land interest, select nemo


An oil and gas champion in the White House |
View in browser
Bloomberg

During his first term, Donald Trump pulled a couple of levers to support fossil fuel use. In his second term, he’s seemingly pulling all of them and leaning on the world to stay hooked on oil and gas

His efforts have been successful so far, but they’ll face a true test at international climate talks next month. Today’s newsletter looks at his global pressure campaign and how far his administration’s influence reaches. 

Plus, Hurricane Melissa has become a Category 5 storm in the Caribbean and is expected to make landfall on Tuesday in Jamaica, with top winds reaching 160 miles (257 kilometers) per hour. 

Did someone forward you this newsletter? Subscribe here to get free climate reads straight into your inbox six days a week.

A new climate bully on the block

By Jennifer A Dlouhy and Akshat Rathi

The world was on the brink of a climate milestone: adopting a global carbon tax for the shipping industry. Countries had spent years crafting the plan, hoping to throttle planet-warming pollution from cargo vessels. They had every reason to think the measure would pass when the International Maritime Organization (IMO) met in mid-October.

Enter Donald Trump. After returning to the White House for a second term, the president and his top officials undertook a monthslong campaign to defeat the initiative. The US threatened tariffs, levies and visa restrictions to get its way.

Photo Illustration: Daniel Zender; Photo: White House

A battery of American diplomats and cabinet secretaries met with various nations to twist arms, according to a senior US State Department official, who asked for anonymity to speak candidly. Nations were also warned of other potential consequences if they backed the tax on shipping emissions, including imposing sanctions on individuals and blocking ships from US ports.

Under that Trump-led pressure—or intimidation, as some describe it—some countries started to waver. Ultimately, a bloc including the US, Saudi Arabia and Iran voted to adjourn the meeting for a year, killing any chance of the charge being adopted anytime soon.

The US “bullied otherwise supportive or neutral countries into turning against” the net-zero plan for shipping, says Faïg Abbasov, a director at the European advocacy group Transport & Environment. With its intense lobbying at the IMO, the Trump administration was “waging war against multilateralism, UN diplomacy and climate diplomacy.”

At first glance, it might look like the US has exited the climate fight. The president is once again pulling the US out of the Paris Agreement, and he may not send an official US delegation to next month’s COP30 climate summit in Brazil. But don’t be confused: America is still in the arena; it’s just fighting for the other side.

A preparatory ministerial meeting ahead of COP30 in Brazilia Photographer: Ton Molina/Bloomberg

Since his return to Washington, Trump has used trade talks, tariff threats and verbal dressing-downs to encourage countries to jettison their renewable energy commitments (and buy more US oil and liquefied natural gas in the process). Just 10 months into his second term, the campaign is showing surprising success as key figures and countries increasingly buckle under the determined pressure.

Trump was elected to implement a “common sense energy agenda,” says White House spokeswoman Taylor Rogers. He “will not jeopardize our country’s economic and national security to pursue vague climate goals that are killing other countries.”

The strong-arming is happening on multiple fronts. Among the biggest is trade, where Trump has already compelled Japan, South Korea and the EU to pledge to spend on American energy and energy infrastructure. Japan, for instance, agreed to invest $550 billion on US projects, and talks are underway to steer some of that funding to a $44 billion Alaska gas pipeline and export site. South Korea has pledged roughly $100 billion in US energy purchases.

The EU, meanwhile, has vowed to spend some $750 billion buying American energy, including LNG, to secure lower tariffs on its exports to the US. Analysts have questioned whether those sales will fully materialize, since they’d require Europe to more than triple its annual energy imports from the US. But the public commitment by itself was a stunning move for a bloc that’s led the world in pushing policies to combat climate change.

A pumpjack in Texas Photographer: Justin Hamel/Bloomberg

It’s a marked acceleration from term-one Trump. During his first four years in the White House, Trump’s “energy dominance” agenda amounted to rally cries of “drill, baby, drill” and slow steps to encourage more domestic oil and gas production. This time around, the president’s approach has global reach—and far fewer limits.

And when it comes to international agreements relating to energy and climate, “the US has an interest in divide and rule, and thus breaking the potential for cooperation,” says Abby Innes, an associate professor in political economy at the London School of Economics.

Read the full story, including the perverse twist of Trump pushing the world into China’s arms. Subscribe to Bloomberg News to find out how Trump’s fossil fuel push plays out at climate talks in Brazil. 

One big advantage

70%
US natural gas has been, on average, 70% cheaper than the European average over the past five years.

Trade tradeoffs

“When it comes to dealing with China, whether it’s countries or companies, politicians and executives tell me: ‘Better the devil that you know.’ It offers more stability than the Trump administration.”
Ioannis Ioannou
Professor, London Business School
Nations are embracing China’s clean tech, giving Beijing more leverage and power.

Melissa barrels towards Jamaica

By Brian K Sullivan and Joe Wertz

Hurricane Melissa became the Atlantic season’s third chart-topping Category 5 storm in the Caribbean, where it’s expected to make landfall early Tuesday in Jamaica.

Melissa’s top winds reached 160 miles (257 kilometers) per hour, threatening to bring widespread destruction to the island, as well as neighboring Haiti, the Dominican Republic, and Cuba, where it will make a second landfall Wednesday. Destructive winds, a damaging storm surge and catastrophic flooding are expected to worsen Monday, the US National Hurricane Center said.

Melissa, currently about 130 miles south of Kingston, is forecast to dump as much as 30 inches (762 millimeters) of rain across parts of Jamaica, and the hurricane center has warned that the torrent could trigger landslides. More than 800 shelters have been opened across the island, and local authorities have staged heavy equipment to clear debris from roadways.

Read the full story on Bloomberg.com and subscribe to the Weather Watch newsletter for updates on Melissa and other major weather events. 

More from Green 

Japan will face challenges meeting climate goals while also easing cost-of-living pressures on its citizens, according to the nation’s new Environment Minister Hirotaka Ishihara.

New green technologies will be needed for the world’s fifth-largest carbon dioxide polluter to become net-zero by mid-century, Ishihara said during a press briefing Monday. Japan has also committed to cutting emissions 60% by 2035, from 2013 levels, through its Nationally Determined Contributions under the Paris Agreement.

“Achieving the NDC targets while balancing the impact on people’s lives is a very significant challenge,” Ishihara said during the briefing. 

Ishihara’s appointment by the nation’s new prime minister, Sanae Takaichi, comes amid a shift to the right in Japan with an increasing number of people expressing dissatisfaction over a sense that living standards aren’t keeping up with global trends. In energy and climate, Takaichi has said she will prioritize nuclear energy and scale back support for large-scale solar projects, due to perceived risks of dependence on foreign equipment.

Japan’s Environment Minister Hirotaka Ishihara Photographer: Eugene Hoshiko/AP

Read the full story on Bloomberg.com

Construction firms across the Nordic region have made a high stakes bet on what’s set to be the world’s biggest green steel plant, a building site the size of about 400 soccer fields just south of the Arctic Circle.

On Amsterdam’s 750th anniversary, it continues to be a leader in climate adaptation — showing how a city can thrive in overcoming existential challenges like sea level rise.

This week’s climate listen

A red star is removed from the top of a factory in Budapest in 1989. Photographer: P.E VARKONYI/AFP

From trade wars to skyrocketing tech valuations, governments and investors seem to be making economically irrational moves. As the world heads into another global climate summit, there is a need for fresh thinking to bring countries back to work on the urgent challenge of climate change. This week on Zero, political economist Abby Innes tells Akshat Rathi what governments are getting wrong about addressing the problems we face and how to reimagine economics for the climate era.

Listen now, and subscribe on AppleSpotify or YouTube to get new episodes of Zero every Thursday.

More from Bloomberg

  • Business of Food for a weekly look at how the world feeds itself in a changing economy and climate, from farming to supply chains to consumer trends
  • Hyperdrive for expert insight into the future of cars
  • Energy Daily for a daily guide to the energy and commodities markets that power the global economy
  • CityLab Daily for top stories, ideas and solutions, from cities around the world
  • Tech In Depth for analysis and scoops about the business of technology

Explore all Bloomberg newsletters.

Follow Us

Like getting this newsletter? Subscribe to Bloomberg.com for unlimited access to trusted, data-driven journalism and subscriber-only insights.


Want to sponsor this newsletter? Get in touch here.

You received this message because you are subscribed to Bloomberg's Green Daily newsletter. If a friend forwarded you this message, sign up here to get it in your inbox.
Unsubscribe
Bloomberg.com
Contact Us
Bloomberg L.P.
731 Lexington Avenue,
New York, NY 10022
Ads Powered By Liveintent Ad Choices
Reply all
Reply to author
Forward
0 new messages