The Guardian Environment • 5/7/2026

Experts and advocates express concern that the windfall profits big oil is gaining from Trump's Iran war may hinder the clean-energy transition. They warn that these profits could incentivize oil and gas expansion and increase funding for political lobbying. Lukas Shankar-Ross, a deputy director at Friends of the Earth, stated that the profits will enable big oil to reinforce its political victories from the Trump era.
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