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HPI Market Data Book 2026: Global construction – Americas
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US Politics
John Royall
21 January 2025
Follow @PetroleumEcon
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Trump administration must state its position on climate and energy

The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition

In a speech to announce the US’ Fifth Climate Assessment on 14 November 2023—a report that was compiled by more than 700 climate scientists and thousands of contributors—President Joe Biden stated that the greatest existential threat to the US and humanity is the “climate crisis”. In his speech, Biden went on to say, “But it is simply a simple fact that there are a number of my colleagues on the other side of the aisle—MAGA Republican leaders—who still deny climate change, still deny that it is a problem. My predecessor (former and current President Donald Trump) and much of the MAGA Republican Party, in fact, are—feel very strongly about that. Anyone who willfully denies the impact of clima

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HPI Market Data Book 2026: Global construction – Americas
25 February 2026
Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true
HPI Market Data Book 2026: Global construction – Asia-Pacific
25 February 2026
The surge in demand for fuel and petrochemical products in Asia has led to significant expansion in refining and petrochemicals capacities, with India and China leading the way

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