America’s Green Energy Setback: Oil Back in the Driver’s Seat
In a controversial move, the new U.S. administration has canceled more than $3.7 billion in approved investments for clean energy projects — a clear signal to the world that oil interests still take precedence over environmental protection and innovation.
The U.S. Department of Energy announced the withdrawal of financial support for 24 major clean energy projects, most of which had been approved under the previous administration. Among them was a plan at an ExxonMobil refinery in Texas, aiming to replace natural gas with hydrogen to reduce emissions.
This policy shift, which occurred between the November 2024 election and the inauguration of the new government, marks a clear pivot back to fossil fuels and away from clean tech initiatives.
Environmental and economic experts have described the move as a step backward, warning that such decisions could slow the fight against climate change and weaken America’s position in the global clean energy race.
Globally, this retreat opens the door for countries like China and members of the European Union, who continue to heavily invest in renewable energy, aiming to lead the future energy market.
For Iran, this shift holds a strategic message: amid growing environmental challenges, it is crucial to closely monitor global trends and move toward sustainable development while reducing dependence on oil.
Ultimately, the cancellation of these projects highlights that success in clean energy requires alignment between policy, science, and economic interests — without which, achieving environmental goals will remain a serious challenge.
