fossil

In apparent response to the GOP wins, small-cap stocks, along with financial and traditional energy sectors — including oil, gas and coal — performed particularly well following the election and may continue to benefit from anticipated new policies, such as corporate tax cuts, reduced regulatory oversight for financial institutions and fewer environmental restrictions on fossil fuel production.

While Trump consistently denies basic facts of climate science, such as that humanity’s greenhouse gas emissions are primarily responsible for global heating, Woods argued that he should instead create incentives for fossil fuel companies to transition to clean energy while still earning large profits.

Woods has previously denied fossil fuel companies are primarily responsible for climate change, despite the overwhelming scientific evidence saying otherwise.

These take into account the impact on climate change of emissions caused by the process of extracting oil and gas but not of greenhouse gases which would be released when the fossil fuels were eventually burned.

Researchers argue these smoky trails essentially double the amount of heating that’s caused by aviation's use of fossil fuels.