Part 8/10:
Energy policy in the US is also undergoing a reversal. Trump’s administration has signaled a retreat from aggressive green energy initiatives, exemplified by plans to scrap a large wind farm project approved under Biden. This move signals a broader shift back toward fossil fuels, as oil companies refocus on traditional energy sources.
Mick Mulaney notes that the pendulum is swinging back from an over-reliance on renewable energy subsidies towards a more balanced approach. Although he personally does not oppose wind power, he criticizes the heavy government subsidies that support it. The general trend suggests a rollback of what some see as the “green fantasy,” favoring domestic fossil fuel production, which aligns with Trump’s broader “energy dominance” strategy.