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Carbon capture US Donald Trump
23 October 2018
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US carbon fight moves to Washington state

The lack of political enthusiasm for a federal-level US carbon tax contrasts with more positive undercurrents in Washington state’s heated carbon referendum

US oil majors are pouring funds into a fierce referendum scrap in Washington state over a proposed carbon "fee", though the prospect of a nationwide US environmental levy on fossil fuel consumption has grown more distant under the Trump administration. As the clock ticks down on the Evergreen state's 6 November ballot on "Initiative 1631", BP, Chevron and refiner Phillips 66 are building a war chest which had swollen to $22.45m at time of press. The measure would set a fee of $15 per metric ton of carbon dioxide fee for greenhouse gas emitters from 2020, rising by $2/t CO2 annually until the state's greenhouse gas reduction goals are met. The oil firms' no campaign says the planned fee wil

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Trump’s gasoline price pledge paradox
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
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With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
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2 March 2026
A potential blockade of the Strait of Hormuz following the escalating US-Iran conflict risks disrupting Qatari LNG exports that underpin global gas markets, exposing Asia and other markets to sharp price spikes, cargo shortages and renewed reliance on dirtier fuels

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