Noah Shachtman writes:

You remember the pictures. The images of tech oligarchs kissing the ring at President Trump’s inauguration were instantly iconic, markers of a new and rather unnerving era. But months earlier, Mr. Trump made a corrosive pact with another set of moguls, and that one is already remaking global politics, wiping out jobs at home and strangling what little hope was left of avoiding a climate disaster. This one happened behind closed doors.

These moguls were leaders of the oil and gas industry, and Mr. Trump promised them he would do them so many favors that a billion dollars in donations would feel like a “deal.” The executives gave him only a fraction of the money he sought. Mr. Trump, on the other hand, has given them more than they asked for — and some now say it’s backfiring.

As expected, he scaled back regulations and encouraged more drilling — 1.3 billion more acres of coastal waters this week alone. He has also, however, taken the extraordinary step of trying to crush the industry’s green competition. He pulled the plug on the largest solar project in North America, which was on track to supply enough power for nearly two million homes. He put a $5 billion wind farm project in New York on hold, threatening thousands of jobs, and reversed himself only when the state approved a new gas pipeline. And he killed incentives for electric vehicles, sales of which had more than doubled since his first term.

Overseas, Team Trump is warning the world to buy more fossil fuels — or else. The administration used the threat of tariffs to strong-arm allies into taking America’s gas. It reportedly sabotaged an agreement by more than 100 nations to slash cargo ships’ greenhouse gas emissions. When the rest of the world’s representatives were meeting at a climate conference in Brazil, Trump officials called the proceedings a “hoax” — and praised offshore drilling deals with Greece, the first there in more than 40 years.

Plenty of U.S. presidents have talked about freeing America from its dependence on foreign oil and keeping foreign petrostates from messing with our economy. That’s what “drill, baby, drill” was all about. This is something different. Now America is the planet’s leading producer of oil — and natural gas, too. And instead of trying to separate from the Persian Gulf petrostates, Mr. Trump is reshaping America to look more like them: top-down, iron-fisted, resource-rich and more than willing to flash those resources as weapons. [Continue reading…]