Fossil Fuel Subsidies Are Leading The US And EU Into Industrial Decline
Since Donald Trump took office, the U.S. government has been more aggressively boosting fossil fuels to exert geopolitical dominance. President Donald Trump stated unequivocally that the military assault on Venezuela and the kidnapping of President Nicolás Maduro and his wife are aimed at gaining control of the country’s oil reserves. Meanwhile, oil company shares are soaring, a dividend on the investments of “Big Oil,” the major donor to Trump’s election campaign. It is also no coincidence that Nigeria (which the U.S. bombed over Christmas) and Iran and Greenland, which Trump repeatedly threatens, are oil-rich regions, too.