Trump’s “drill, baby, drill” pledge to boost fossil fuel extraction and abandon clean energy policies is influencing countries like Indonesia and Argentina to potentially withdraw from global climate agreements, leading to increased emissions. Major energy companies like Equinor and BP are cutting renewable energy investments while increasing oil and gas production. Foreign buyers, including India, South Korea, and Japan, are seeking to import American oil and gas, potentially undermining global efforts to combat climate change.
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US arms groups woo European rivals as they target region’s rising spending
US defense companies are forming closer partnerships with European firms to capitalize on increased military spending in the region, driven by the war in Ukraine and pressure for European self-reliance. While emphasizing long-standing ties and collaborative development, concerns remain about US reliability as an ally and the implications of export regulations under the International Traffic in Arms Regulations (ITAR). Need More Context? 🔎
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