What Trump’s victory could mean for oil companies and climate-change policy

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Trump’s return to the White House could reverse the gains the U.S. has made in fighting global warming, experts say.

Former President Donald Trump points to supporters as he leaves the stage after an election night party at the Palm Beach County Convention Center in West Palm Beach, Fla., early Wednesday morning.

above preindustrial levels. Climate scientists are already warning the planet is on track to blow past “One can only hope that Donald Trump will put conspiracy theories to the side and take the decisive action to address the climate crisis,” Dan Lashof, U.S. director of the World Resources Institute, said in a statement. “But I won’t hold my breath, and neither will the global community nor U.S. state and local leaders. We are moving forward.”

The incoming president will have much more latitude to reverse dozens of environmental rules that oil and gas executives find burdensome. During an April dinner at his Mar-a-Lago Club, Trump asked oil executives to steer $1 billion toward his campaign while promising to relax industry regulations. When Trump withdrew from the Paris agreement for the first time, a group called America Is All In announced that dozens of states, cities, and corporations were committed to the pact. Gina McCarthy, the former White House climate czar under Biden and the managing cochair of America is All In, vowed in a statement Wednesday to continue that fight.

 

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