Fossil Fuel Industry Projected to Rebound Due to Policy Shifts
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The Environmental Defense Fund cited a report from Lazard detailing a projected rebound in the United States’ fossil fuel industry. The report suggests that while fossil fuels accounted for only 5% of new power in 2024, oil, gas, and coal could make up 70% of new power by 2030. This shift is attributed to policy changes from Donald Trump's administration and Congress, which deregulated and invested in fossil fuels while creating barriers for renewables.
Why it matters
The shift in energy generation mix is influenced by policy decisions that favor fossil fuels, despite the Environmental Defense Fund noting that wind and solar are generally less expensive to produce. The report also noted that some natural gas plants paired with batteries can be cheaper per megawatt-hour for large energy users like data centers.
Who's involved
- Environmental Defense FundEnvironmental advocacy organization that cited the report on policy changes.
- Donald TrumpPolitical figure whose administration's policies are cited as influencing the fossil fuel industry.
- LazardFinancial advisory firm that produced the report analyzing the energy market.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
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The entities involved
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Environmental Defense Fund
United States environmental advocacy organization, headquartered in New York City
Nothing else this week.
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Arizona
state of the United States of America
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)