Trump’s fossil fuel visions clash with market realities

Sustainable Views · last updated February 3, 2026 – 10:49 PM

Cuts to clean energy support have not altered the economics. Renewables outcompete fossil fuels on price, scalability and long-term demand growth

As US President Donald Trump promoted fossil fuels in Davos last month, his Department of Energy announced it was targeting $83bn in Joe Biden-era clean energy loans and commitments for revision or cancellation. Instead, the DOE named coal, oil, and gas as top priorities for unleashing “affordable, reliable and efficient energy”.

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