News
Is Big Oil’s Green Future in Jeopardy? A Shift in Policy Could Change Everything
Since taking office, Trump has aggressively rolled back climate policies put in place by the Biden administration, including declaring a national energy emergency.
United States: Since assuming the presidency, Donald Trump has embarked on a resolute mission to dismantle the climate strategies instituted by the Biden administration. By declaring a national energy emergency, repealing restrictions on new LNG export capacity, and halting approximately USD 300 billion allocated to transitional energy projects, Trump has significantly reshaped the nation’s energy trajectory.
Ironically, these bold actions have incited discontent among an unlikely faction—executives within Big Oil, according to oilprice.com.
Trump’s agenda unequivocally champions oil and gas interests, elevating them to the forefront of his political priorities. After enduring years of heightened regulatory scrutiny under Biden, the energy sector has welcomed the relief provided by the 47th president. Yet, the dismay exhibited by some oil executives over the reversal of Biden-era policies presents a paradox worthy of exploration.

Beneath this apparent contradiction lies the substantial capital that major energy corporations have already funneled into their transition strategies. Coerced by both governmental edicts and shifting market expectations, these companies have invested heavily in low-carbon initiatives.
Now, with Trump’s policy reversals, there’s a palpable risk of these investments morphing into stranded assets—a scenario once exclusively feared by environmentalists for oil and gas reserves.
According to Reuters, some within the energy industry are troubled by Trump’s decision to once again withdraw the United States from the Paris Agreement. This controversial move, Reuters posits, undermines global collaboration aimed at mitigating climate change while simultaneously destabilizing financial support for transition projects. Investors, faced with divergent approaches between the US and Europe, are left grappling with uncertainty.
Oil Executives Fume as Trump Shakes Up Climate Rules Again.
— Blanche Victoria (@tammytabby) January 27, 2025
President Trump's reversal of Biden's climate policies has angered Big Oil executives, who invested heavily in low-carbon technologies under the previous administration.https://t.co/8RgINelQ1n
Certain energy executives argue that remaining within the Paris framework could amplify their influence over the global energy transition. However, the industry’s immediate priorities are decidedly pragmatic and rarely align with climate accords. Marty Durbin, president of the Global Energy Institute at the US Chamber of Commerce, articulated this sentiment: “While we advocate for US participation in the UN climate process, the private sector remains committed to innovating solutions that address the dual imperatives of energy demand and climate challenges,” as per the reports by oilprice.com.
The crux of the matter lies in transition investments. Major oil companies, under pressure, have devised strategies to pivot toward lower-carbon futures. Subsidies and governmental incentives have bolstered these efforts, spurring projects like Occidental Petroleum’s direct air capture initiative. Back in 2023, Occidental invested USD 1.1 billion to acquire cutting-edge technology capable of extracting carbon dioxide from the atmosphere, betting on a market projected by BloombergNEF to burgeon into a USD 150 billion annual sector. These ventures heavily relied on Biden-era subsidies, many of which are now at risk under Trump’s administration. Occidental’s CEO even approached Trump directly, advocating for the preservation of IRA funding for carbon capture.
The challenges faced by Occidental underscore a broader industry trend. ExxonMobil and others have similarly allocated substantial resources to developing carbon capture technologies. Anne Bradbury, president of the American Exploration and Production Council, encapsulated the industry’s perspective, “Addressing climate change necessitates a global conversation. It’s essential to recognize America’s dual leadership in energy production and emissions reduction.”
For Big Oil, the dichotomy of Trump’s policy shifts is striking. Despite welcoming regulatory leniency, the industry must grapple with the potential fallout of relinquishing transition investments. Analysts have long emphasized that certainty—be it favorable or adverse—plays a pivotal role in corporate strategy. Biden’s climate policies, though challenging, provided predictability. Conversely, Trump’s return to pro-industry policies reintroduces an element of unpredictability, leaving companies cautious about fully reversing course, according to oilprice.com.
Already, many oil majors, particularly in Europe, have begun tempering their transition targets, acknowledging the economic impracticality of achieving them profitably. Yet, the stakes remain high. Industry leaders may push back against Trump’s complete dismantling of climate policies, striving to protect their existing investments until the economic viability of technologies like carbon capture is definitively assessed.
As per oilprice.com, in this unfolding narrative, Trump’s presidency may inadvertently catalyze a scenario where Big Oil safeguards its transition strategies, blending environmental considerations with economic pragmatism. The delicate balancing act between policy, profit, and sustainability will likely shape the industry’s path for years to come.
News
Trump Ousts NSA Chief Amid Cybersecurity Crisis, Says Sources
President Trump unexpectedly dismissed General Timothy Haugh as Director of the NSA on Thursday, along with his deputy, Wendy Noble.

United States: In an unforeseen jolt to the upper echelon of US intelligence, President Donald Trump on Thursday relieved General Timothy Haugh of his command as Director of the National Security Agency. The decision, corroborated by two insiders privy to the matter, concurrently displaced Wendy Noble, Haugh’s second-in-command at the agency.
General Haugh, a battle-hardened Air Force luminary also at the helm of US Cyber Command, saw his service curtailed despite a three-decade tenure hallmarked by unwavering dedication and distinction. Noble, his deputy, has been reassigned to a classified post within the Pentagon’s Directorate of Defense Intelligence, according to internal communiqués obtained by The Washington Post.
Congressional voices—particularly from Democratic leadership—have erupted in censure, condemning the abrupt termination of a seasoned, nonpartisan custodian of national defense. Senator Mark Warner, the Senate Intelligence Committee’s vice chair, issued a blistering rebuke, “General Haugh has dedicated over thirty years to safeguarding this nation in uniform. At a time when the United States is weathering colossal cyber onslaughts—most recently embodied by the Salt Typhoon incident—what logic justifies this dismissal? It weakens our posture, not strengthens it.”
The Salt Typhoon cyber offensive, orchestrated by state-backed Chinese actors, has been dubbed the most egregious breach in America’s telecom infrastructure to date, according to Reuters.
While the White House and Pentagon have shrouded the rationale for the firings in opacity, reports indicate no explicit cause for the shake-up. Nonetheless, replacements have been installed with haste: William Hartmann, Haugh’s deputy at Cyber Command, ascends as interim NSA chief, and Sheila Thomas, formerly executive director, assumes the mantle of acting deputy.
Reporters pressing for official clarification were met with radio silence. President Trump, however, gestured at his administration’s philosophy while airborne aboard Air Force One, “We’ll always sever ties with individuals—those who don’t align, those who overreach, or those whose allegiances lie elsewhere.”
This ideological purge appears to reflect Trump’s insistence on loyalty as a prerequisite for federal appointments, an approach that’s reshaped key departments since his second term commenced on January 20.
Representative Jim Himes, the House Intelligence Committee’s top Democrat, echoed Warner’s apprehensions. Calling for immediate transparency, Himes said, “General Haugh epitomizes integrity—legal fidelity, strategic clarity, and an uncompromising commitment to our security. Ironically, those very traits may be what prompted his ouster in this climate,” as per Reuters.
Warner also seized on a recent security misstep involving senior Trump officials who inadvertently included a magazine journalist in confidential military discussions on Signal, a consumer messaging app. He emphasized that Haugh had no involvement in that debacle, underscoring the incongruity of his removal, “It’s baffling that the president jettisons a competent, apolitical leader of the NSA, while those guilty of disseminating classified material via unsecured channels remain untouched.”
In a subplot further thickening the narrative, Elon Musk—tasked with streamlining the federal workforce under Trump’s directive—paid a visit to NSA headquarters last month to confer with Haugh. The content of their dialogue remains under wraps.
The NSA, a technological colossus within the US intelligence matrix, is pivotal in deciphering foreign communications and orchestrating cyber defense. Its tandem entity, US Cyber Command, conducts high-stakes cyber operations—both offensive and defensive—ensuring the integrity of military digital infrastructure, according to Reuters.
As national cybersecurity threats crest to alarming heights, the ousting of its leading sentinels leaves Washington—and its allies—questioning the stability of its strategic command.
News
Trump’s Tariff Shock: Markets Plunge, Global Backlash Grows
The White House stood firm on President Donald Trump’s extensive tariff policy despite a stock market downturn and global backlash.

United States: The White House remained resolute on Thursday in its endorsement of President Donald Trump’s sweeping tariff imposition, unfazed by the stock market’s downward spiral, corporate apprehension, and the mounting chorus of international leaders cautioning retaliatory measures.
Despite a day devoid of public engagements following his momentous Rose Garden declaration, Trump’s administration dispatched White House Press Secretary Karoline Leavitt and Vice President JD Vance to manage the reverberations across the morning news circuit, even as financial markets commenced their precipitous descent.
Vance conceded that Trump’s formidable tariff strategy—cast over nearly all US trading affiliates—signifies a profound shift for American consumers, who Trump himself acknowledged would bear initial economic discomfort, according to ABC News.
“President Trump is steering the economy on an entirely divergent trajectory. This is what he campaigned on, what he pledged, and what he is now executing. And yes, this is an immense transformation. I won’t shy away from that. But an overhaul of this magnitude was imperative,” Vance articulated on “Fox & Friends.”
Leavitt, too, staunchly championed the policy, presenting it as the fulfillment of Trump’s vow to instate reciprocal tariffs, during her discourse on CNN.
“To those fretting on Wall Street this morning, I would say: place your faith in President Trump. This is a leader who is fortifying his proven economic strategy from his first tenure,” she asserted.
However, neither Vance nor Leavitt directly confronted the imminent cost surges that economists universally predict will burden American consumers, nor did they delineate how immediate relief would be furnished, as reported by ABC News.
“What I urge people to grasp is that these issues aren’t remedied overnight,” Vance remarked. “We are striving at full speed to rectify what has been inherited, but the resolution will not be instantaneous.”
US equities plummeted early Thursday, mere hours after Trump’s declaration of a baseline 10% tariff on all imports, alongside more specific “measured reciprocal” tariffs targeting nations he accused of exploiting the US within global trade dynamics.
When queried about the corporate sector’s discontent, Commerce Secretary Howard Lutnick later contended on CNN that critics were neglecting the prospective surge in domestic manufacturing facilities, which he claimed would sprout as a consequence.
Meanwhile, global leaders deliberate their countermeasures to Trump’s landmark tariffs, some of which are slated for activation on April 5, with others following on April 9.
China, which faces an astonishing 54 percent tariff rate, implored the US to “immediately rescind its unilateral tariff enactments and engage in equitable discourse with its trade partners to resolve disparities amicably.”
The White House, however, signaled that the tariff agenda was non-negotiable.
“The president was unequivocal yesterday—this is not a bargaining chip. This is a national emergency. He is always available for dialogue, but the rationale behind this initiative was laid out, and for seven decades, these nations had the opportunity to engage fairly with the American people but deliberately refrained,” Leavitt emphasized on CNN.
“They have systematically drained American labor. They have funneled our jobs abroad. The president is terminating that exploitation,” she declared, according to ABC News.
“I don’t foresee any scenario where President Trump retreats from these tariffs,” Lutnick added.
Addressing the intended recipients of the policy while speaking from the White House Rose Garden, Trump issued a pointed ultimatum.
“If they object—if they seek a tariff rate of zero—then they must manufacture their products right here in America. There is no tariff when your factories and goods are produced on American soil,” Trump proclaimed.
News
Judge Dismisses Corruption Charges Against NYC Mayor Eric Adams—Case Cannot Be Refiled

United States: The judge overseeing the corruption case against New York City Mayor Eric Adams has officially dismissed the charges against him. Furthermore, in a break from the stance taken by the Trump administration’s Justice Department, the judge ruled that these charges cannot be refiled.
Judge Dale Ho stated that while he harbored concerns about the Justice Department’s reasoning for dropping the case, his legal authority did not allow him to compel federal prosecutors to move forward with the charges.
In his ruling, Judge Ho criticized the Trump administration’s motives, pointing out that the decision to drop the case coincided with efforts by the White House to strengthen its influence over the Justice Department and federal prosecutors, according to reports by CNN.
Judge dismisses corruption case against New York City Mayor Eric Adams and, in a split with the DOJ, orders that charges can't be refiledhttps://t.co/vjtVj4ZjSP
— CNN Breaking News (@cnnbrk) April 2, 2025
The Justice Department’s handling of the case led to a wave of resignations, including that of the acting US attorney for the Southern District of New York, as well as key officials overseeing public corruption cases.
In a strongly worded 78-page opinion, Ho firmly rejected the Justice Department’s argument that the prosecution was politically motivated and interfering with the mayor’s ability to implement Trump’s immigration policies.
“Everything about this situation suggests a trade-off: the dismissal of an indictment in return for concessions on immigration policy,” Ho wrote. He further stated that the Justice Department’s actions were troubling because they implied that public officials could receive special treatment if they aligned with certain political agendas. “Such an idea contradicts the core principle of equal justice under the law.”
A spokesperson for the Justice Department defended its decision, stating, “This case was a clear example of political manipulation and an unnecessary use of resources. Our priority remains on prosecuting criminals and ensuring the safety of Americans.”
Eric Adams’ attorney, Alex Spiro, welcomed the ruling, saying, “This case should never have been brought forward in the first place, and today, it is permanently closed. From the beginning, Mayor Adams has insisted on his innocence, and now justice has been served for him and the people of New York,” as per CNN.
Judge Ho emphasized that dismissing the case without prejudice would have created the impression that Adams’ freedom depended on his willingness to enforce federal immigration policies, potentially making him more accountable to Washington than to his constituents.
Adams, who faces re-election this year, was indicted in September on charges of bribery, wire fraud, conspiracy, and illegally soliciting campaign donations from foreign nationals in exchange for political favors. He pleaded not guilty.
Prosecutors alleged that Adams’ misconduct dated back to 2014, during his tenure as Brooklyn Borough President. According to the indictment, he accepted luxury benefits such as hotel upgrades, fine dining, and other perks from a Turkish official. In return, he allegedly pressured a New York City Fire Department official to approve permits for a Turkish consular building that had previously failed inspection.
In February, the Trump Justice Department recommended dropping the case following a meeting with Adams’ legal team in Washington. Then-acting Deputy Attorney General Emil Bove justified the decision by stating, “The ongoing prosecution has unfairly hindered Mayor Adams’ ability to focus fully on addressing illegal immigration and violent crime, which escalated under the previous administration’s policies.”
This decision led to a series of resignations among Justice Department prosecutors. In her resignation letter, former acting US attorney for the Southern District of New York, Danielle Sassoon, stated that Adams’ attorneys had repeatedly suggested a quid pro quo arrangement—implying that the mayor would assist with federal enforcement priorities only if the charges were dropped, according to CNN.
Both Adams and Bove denied any such agreement took place.
Judge Ho sought external legal insight and consulted conservative attorney Paul Clement for an evaluation of the Justice Department’s request. Clement recommended full dismissal, arguing that leaving the charges open would create the impression that the case could be revived at any time, placing undue pressure on the mayor.
“A dismissal without prejudice would leave the specter of prosecution hanging over the accused, akin to the Sword of Damocles,” Clement wrote. “A complete dismissal eliminates that concern and upholds the fundamental principle of accountability within the separation of powers.”
Ultimately, Ho ruled to permanently dismiss the charges against Adams, ensuring they could not be used as political leverage in the future.
“This decision prevents any scenario where the indictment could be used as a tool to control the mayor or the city,” Ho stated, as per CNN.
Civil rights leader Rev. Al Sharpton, who previously met with New York Governor Kathy Hochul during deliberations over Adams’ future, remarked that the ruling should eliminate any perception that the mayor was under federal influence.
“This takes away the idea that he was under the president’s control,” Sharpton told CNN. “Now, whatever he does will be judged on its own merits.”
Judge Ho clarified that his ruling should not be interpreted as a statement on the validity of the allegations against Adams. He emphasized that public opinion—not his own—would ultimately determine the mayor’s fate.
“Transparency in decisions like this allows the public to engage with these issues through democratic channels,” Ho concluded.
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