• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Current price of oil as of June 15, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Current price of oil as of June 16, 2026

1

Current price of oil as of June 15, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Current price of oil as of June 16, 2026
EnergyEnergy Industry
Europe

Trump goes off script in UN address, praising Germany for returning to nuclear energy and fossil fuels: ‘All green is all bankrupt’

Ashley Lutz
By
Ashley Lutz
Ashley Lutz
Executive Director, Editorial Growth
Down Arrow Button Icon
Ashley Lutz
By
Ashley Lutz
Ashley Lutz
Executive Director, Editorial Growth
Down Arrow Button Icon
September 23, 2025, 12:07 PM ET
Assembly (UNGA) at the United Nations headquarters on September 23, 2025 in New York City.
Assembly (UNGA) at the United Nations headquarters on September 23, 2025 in New York City. Michael M. Santiago/Getty Images
Add Fortune on Google for similar content.

President Trump used his UN General Assembly address to criticize Europe’s energy transition—singling out Germany—while defending continued global use of oil, gas, and coal, and urging nations to prioritize “reliable” fossil fuels over what he cast as costly renewables.

Recommended Video

He framed fossil fuels as essential to development and energy security, echoing past lines that nations should not “abandon” coal, oil, and gas, and arguing that wealthy countries pushing rapid phaseouts have themselves relied on hydrocarbons for 150 years. German officials have repeatedly pushed back on similar claims from Trump, noting that more than half of Germany’s power generation now comes from renewables and that the country is shutting down, not building, coal and nuclear plants with coal due off the grid by 2038 at the latest.

“All green is all bankrupt,” Trump said in the speech while implying that he wasn’t including nuclear energy in his definition of “green.” While nuclear energy is low-carbon, its environmental impact is unclear, although green energy advocates have included it in the green category for decades. For instance, in March 2021 the U.S. Department of Energy wrote a blog post on “3 reasons why nuclear is clean and sustainable.”

Germany focus

  • Trump reprised arguments he has made before about Germany’s energy policy, using it as a cautionary tale while asserting that Europe’s rush to renewables raised costs and forced retreats, a characterization German officials dispute as inaccurate and outdated.
  • Germany’s Foreign Office has countered such claims directly, emphasizing >50% renewables in the power mix and legally mandated coal phaseout timelines, underscoring a strategic pivot away from fossil fuels even amid energy shocks since 2022.
  • Trump’s earlier critiques of Europe’s dependence on Russian energy and his administration’s actions against Nord Stream 2 contextualize his UN rhetoric, though German authorities stress their ongoing diversification and renewable buildout trajectory.

Fossil fuels message

  • In the UN remarks, Trump underscored fossil fuels as indispensable for growth and grid stability, arguing against international pressure to phase them out and urging trade and policy measures that expand oil, gas, and coal output and infrastructure globally.
  • This stance aligns with his administration’s 2025 posture: executive actions to boost coal mining and keep aging coal plants online; a White House “unleashing American energy” agenda; and a regulatory tilt favoring hydrocarbons and some nuclear over wind and solar.
  • Industry supporters echo grid reliability concerns, while environmental groups argue the approach props up uncompetitive coal and risks higher consumer costs compared with scaling cheaper renewables and modernizing the grid.

Policy headwinds

  • Fortune has documented how Trump’s early-term actions elevated fossil fuels: emergency authority to extend coal plant operations and a National Energy Dominance Council tasked with accelerating permitting and boosting oil, gas, and coal production.
  • Fortune also tracked the “One Big Beautiful Bill” and related moves that cut or accelerate phaseouts of clean energy tax credits central to wind, solar, and EV deployment—changes critics warn could raise utility bills and slow the transition even as markets keep favoring low-cost renewables.
  • Despite policy headwinds, a recent Fortune commentary highlighted that market forces and global finance continue steering capital toward renewables, with investors shifting away from fossil projects and expecting renewables to outcompete on cost, a countercurrent to the administration’s pro-fossil messaging at the UN.

For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
Ashley Lutz
By Ashley LutzExecutive Director, Editorial Growth

Ashley Lutz is an executive editor at Fortune, overseeing the Success, Well, syndication, and social teams. She was previously an editorial leader at Bankrate, The Points Guy, and Business Insider, and a reporter at Bloomberg News. Ashley is a graduate of Ohio University's Scripps School of Journalism.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Energy

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Energy

Vessels lie at anchor in the Strait of Hormuz off Iran's coast.
Energyoil and gas
Filling up your car won’t feel normal until next summer, S&P says
By Tristan BoveJune 16, 2026
6 hours ago
Current price of oil as of June 16, 2026
Personal FinanceOil
Current price of oil as of June 16, 2026
By Joseph HostetlerJune 16, 2026
13 hours ago
REE Corp. chair Nguyen Thi Mai Thanh spent 40 years navigating Vietnam’s economy. Here’s what she thinks comes next
MagazineVietnam
REE Corp. chair Nguyen Thi Mai Thanh spent 40 years navigating Vietnam’s economy. Here’s what she thinks comes next
By Nicholas GordonJune 16, 2026
16 hours ago
U.S.-Iran interim deal: What could a Gulf bounce back look like?
NewslettersFortune Gulf Brief
U.S.-Iran interim deal: What could a Gulf bounce back look like?
By Melissa HancockJune 16, 2026
16 hours ago
The jet fuel crisis never existed, sources say
EnergyPrivate Jets
The jet fuel crisis never existed, sources say
By Jim EdwardsJune 16, 2026
19 hours ago
The Strait of Hormuz is finally reopening, but energy flows may not get back to normal until next year
EnergyOil
The Strait of Hormuz is finally reopening, but energy flows may not get back to normal until next year
By Jason MaJune 15, 2026
1 day ago

Most Popular

Current price of oil as of June 15, 2026
Personal Finance
Current price of oil as of June 15, 2026
By Joseph HostetlerJune 15, 2026
2 days ago
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
Success
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
By Preston ForeJune 15, 2026
1 day ago
Current price of oil as of June 16, 2026
Personal Finance
Current price of oil as of June 16, 2026
By Joseph HostetlerJune 16, 2026
13 hours ago
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
1 day ago
Current price of silver as of Monday, June 15, 2026
Personal Finance
Current price of silver as of Monday, June 15, 2026
By Joseph HostetlerJune 15, 2026
2 days ago
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
AI
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
By Marco Quiroz-GutierrezJune 16, 2026
13 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.