President Trump’s decision to pull out of the Paris Agreement shows that the former administration’s policies are well and truly coming to an end, Larry Kudlow said in an interview Sunday.
Kudlow, an informal adviser to Trump’s campaign, told AM 970 in New York that the decision to leave the climate change agreement shows President Barack Obama’s policies are fading away.
“The war on business is coming to an end, the war on fossil fuels is coming to an end,” he said. “The U.S. is not going to be a patsy, we’re not going to subsidize all these other countries around the globe, we’re not going to get trapped in regulations and mandates that will essentially prevent us … from supplying the necessary power to fuel a growing economy.”
Kudlow pointed to growth on Wall Street since November as proof of Trump’s positive impacts, especially in the energy sector where he’s dismantling Obama-era regulations.
He said Trump is taking a fundamentally different view on the role of the government in the energy sector because he doesn’t hate fossil fuels. That’s going to anger some American allies abroad, he said.
“Like Obama, the Europeans hate fossil fuels. It’s a war on fossil fuels,” he said.
Kudlow added, “Renewables are not sufficient in a growing economy. They’re only going to supply, 3, 4, 5 percent, that’s it. Trump is here, saying, ‘I’m going to defend America and our technology.'”
