According to the journal's findings, Donald Trump's administration actively supports the demands of American fuel companies during trade talks with the European Union. Their main nonsubjective is to destruct 2 crucial provisions of the European Green Deal concerning environmental work and regulating methane emissions. In the context of negotiations, there are threats from Trump to introduce duties of 50 percent on European products if no agreement is reached by 9 July.
During fresh talks, Trump's representatives pressed their EU counterparts to mitigate these provisions – says the journal.
The Wall Street diary draws attention to the increasing influence of the oil manufacture on White home policies. Last year, the oil manufacture donated millions of dollars to Trump's presidential campaign. In return, the administration is taking action to increase request for their products, and has abolished any of the environmental rules in force in the US.
The fact that the administration is ready to give precedence to the oil manufacture during the trade dispute with a key partner shows how influential the representatives of this sector have become during Trump's second term – emphasized the newspaper.
Europe could lose it.
American companies are opposed, among others, to the EU Directive on due diligence in sustainable development, which was adopted last year. Its nonsubjective is to defend the environment and human rights against the negative effects of business activities, as well as to regulate corporate liability for possible damage, including environmental damage. 1 of the main critics of these regulations is Darren Woods, CEO of ExxonMobil. The company has reduced investment in Europe by about 70 percent in fresh years. Woods late warned in Brussels that the introduction of a directive could velocity up the withdrawal of the oil manufacture from the European market.
Lobbyists supporting Donald Trump are besides trying to halt the EU methane emissions regulation. As planned from 2028, LNG and fuel suppliers would be required to monitor and study methane emissions and emanation limits would be introduced from 2030. According to unofficial information, the US seeks to exclude its energy exports from these regulations under a possible trade agreement with the EU.
Problemary Deal
The European Green Deal is simply a European Union strategy to transform the EU economy into a more sustainable and climate-neutral by 2050. It aims to reduce greenhouse gas emissions, advance renewable energy sources, defend biodiversity and increase energy efficiency. The Green Deal includes a number of legal initiatives, including regulations to reduce methane emissions, environmental protection and business requirements.
In Poland, implementation of the European Green Deal raises controversy and creates public debate. On the 1 hand, the government stresses the request to adapt the economy to climate requirements, but on the another hand it highlights the challenges of coal-based energy and the possible social and economical impacts of transformation.
According to The Guardian, activists are alerting the European Union to retreat from ambitious environmental targets more rapidly. Since the end of 2023, under the influence of shifting political sentiment to the right of the scene, the EU has begun to weaken the pillars of the European Green Deal. fresh deregulation actions – including packages omnibus – reduce the rigors of sustainable backing even before they enter into force. The European Commission is announcing further simplification to relieve business, which, according to environmental organisations, may further undermine the accomplishment of EU climate objectives.
