To what extent is oil-rich middle eastern countries influencing Trump's actions on wind and solar?
This is what we know:
A UAE-linked investment firm acquired a 49% stake in Trump's World Liberty Financial for $500 million just before Trump's January 2025 inauguration, directing significant upfront payments to Trump family entities.
MGX, another UAE firm chaired by Sheikh Tahnoon, used $2 billion in World Liberty's USD1 stablecoin for a major investment in the Binance crypto exchange, boosting the firm's revenue through asset-backed token issuance.
To what extent is oil-rich middle eastern countries influencing Trump's actions on wind and solar?
This is what we know:
A UAE-linked investment firm acquired a 49% stake in Trump's World Liberty Financial for $500 million just before Trump's January 2025 inauguration, directing significant upfront payments to Trump family entities.
MGX, another UAE firm chaired by Sheikh Tahnoon, used $2 billion in World Liberty's USD1 stablecoin for a major investment in the Binance crypto exchange, boosting the firm's revenue through asset-backed token issuance.
Good that even NYT names Trump specifically and not "US" or "Dept of Energy" or some responsibility avoiding acronym.
And yet???
https://news.ycombinator.com/item?id=46851848
https://electrek.co/2026/01/28/eia-99-of-new-us-capacity-in-...