OpenAI CEO Sam Altman attends a session of the World Economic Forum (WEF) meeting in Davos on January 18, 2024. (Photo by Fabrice Coffrini/AFP via Getty Images)
“President Trump will lead our country into the age of AI, and I am eager to support his efforts to ensure America stays ahead,” said OpenAI CEO Sam Altman.
OpenAI CEO Sam Altman became the latest tech titan to make an explicit overture to U.S. President-elect Donald Trump when he confirmed Friday that he intends to make a $1 million to Trump’s inauguration fund.
The news comes after Meta confirmed Wednesday that it has donated $1 million to the fund, and it was reported Thursday that Amazon intends to make a $1 million donation. The Washington Post characterized Altman’s move as “the latest attempt to gain favor from a leading technology executive in an industry that has long been a target of Trump’s vitriol.”
Altman said in a statement that was sent to multiple outlets that “President Trump will lead our country into the age of AI, and I am eager to support his efforts to ensure America stays ahead.”
The donation from Meta follows a trip by Meta CEO and founder Mark Zuckerberg down to Trump’s Mar-a-Lago Club to meet with the president-elect last month. Jeff Bezos, Amazon’s executive chairman, is slated to head to Florida to meet with Trump at Mar-a-Lago next week, according to The Wall Street Journal.
Zuckerberg and Trump have not always been on the best of terms—Meta temporarily booted Trump from Instagram and Facebook following his comments regarding the January 6 insurrection, and Trump threatened Zuckerberg with lifetime incarceration if Trump perceived that Zuckerberg was interfering in the 2024 election—but Zuckerberg made entreaties to the then-candidate this past summer when he described Trump’s response to his assassination attempt as “badass.”
Zuckerberg and Meta refrained from donating to Trump’s inauguration fund in 2017, and to President Joe Biden’s inauguration fund in 2021, according to TheWall Street Journal.
In response to the news that Meta donated to Trump’s inauguration fund this time, the watchdog group Public Citizenwrote: “Shocker! Another tech bro billionaire trying to buy his way into Trump’s good graces. Zuckerberg donated $1 million to Trump’s inaugural fund. $1 million to the man who threatened Zuckerberg with life in prison. Grow a spine.”
Journalists Mehdi Hasan described the move as “bending both knees to Trump.”
Bezos also chafed against Trump during his first presidency. Trump has repeatedly criticized The Washington Post, which is owned by Bezos, for its coverage of him. In legal proceedings, Amazon also accused Trump of swaying the bidding process when the Pentagon chose Microsoft over Amazon for a lucrative contract because of Trump’s disdain for Bezos. However, in a move that was viewed as a signal to Trump, Bezos blocked the Post from endorsing Vice President Kamala Harris just before last month’s election.
Margaret O’Mara, a history professor at the University of Washington who focuses on the high-tech economy, said during an interview with NPR the fact that support for Trump isn’t happening quietly “is something new.”
“It’s just a recognition that there’s not much to be gained in outspoken opposition, but perhaps there is something to be gained by being very clear about your support and hope that Trump does well,” she said.
Tesla’s “self-driving” cars may be about to get a whole lot more dangerous.
Elon Musk’s efforts ingratiating himself into Trumpworld are about to pay off.
Donald Trump’s presidential transition team has recommended that the president-elect quash a crash reporting requirement for self-driving vehicles. In an internal document obtained by Reuters, the team described the safety reporting condition as a mandate for “excessive” data collection, advising that the president-elect abolish the requirement entirely.
Doing so would radically alter the playing field for the burgeoning automated vehicle industry, decreasing transparency and making it more difficult for federal regulators to spark inquiries into dangerous practices. And Tesla would be the new policy’s biggest benefactor.
Argentine President Javier Milei. Photo: Milei / X
At one year of Milei’s presidency, we take stock of his economic policies, the impact on the working class, and perspectives for the future
A year ago, what many considered unthinkable a couple of years ago happened: Javier Milei, the eccentric libertarian economist who was almost compulsively invited by the media to increase ratings, was sworn in as president of Argentina. Gone was the neoliberal and demure option of the Argentine right wing that managed to triumph with Mauricio Macri, as well as the always latent Peronist option, which could not overcome the obstacles that the government of Alberto Fernandez left in its path.
Milei became a celebrated outsider who confronted his adversaries directly (often insulting and humiliating them), promising to lift the country out of poverty through a radical liberalization of the economy, with bold, or absurd, proposals to dollarize the economy and the eliminate the central bank. Indeed, his style as a guest on television programs was not too far removed from his actions as president of Argentina.
Erika Giménez, social communicator and a journalist with ARG Medios told Peoples Dispatch that Milei arrived with a promise that he was going to “break the State” and end all state social programs and aid to impoverished sectors because they are “a waste of money that prevents Argentina’s resurgence as a great country.” Did he succeed in his grandiose vision? What did the “lion” of Argentina manage to accomplish in his first year of governance?
Falling inflation and rising poverty
One of Milei’s main obsessions was to reduce inflation at all costs. After several setbacks that ended up increasing inflation, in October it was recorded that inflation had risen by 2.3%, the lowest percentage in several years. To achieve this, he had no qualms about firing tens of thousands of state workers (almost 36,000 according to the National Institute of Statistics and Census) and aggressively cutting the number of ministries (from 18 to 9). Social programs that had been a bulwark of the Republic for several decades were eliminated. Of the state workers who survived the layoffs, almost all have seen a reduction in their purchasing power as a consequence of the economic retrenchment policies.
Similarly, despite the fact that year-on-year inflation stood at 193%, retirees’ pensions only increased by 105%, meaning that retired elderly workers today, thanks to Milei’s government, can buy fewer things than before, because their pension was not adjusted for inflation. This incongruity provoked several mobilizations by retirees.
Likewise, Milei has refused to increase the public education budget so as not to affect the much-desired “fiscal balance”, which has led to a decline in the quality of education in the country. Also, hospital workers (doctors, nurses, and others) have reported that they have lost almost 104% of their purchasing power, which puts the country’s health care system at risk.
In addition, according to Erica Giménez, inflation is currently decreasing, among other things, because people are not able to buy goods, which causes stores to reduce prices to sell more. This can lead to a distorted view of inflation as the only measure of economic improvement because, in reality, it is actually masking a more serious problem: people have lost purchasing power. “[The decrease in inflation] is quite a deceptive figure because people cannot consume because their salary is not enough to do so…The macroeconomic meters improve (as Milei wants) by not generating fiscal deficit, but this happens at the cost of the increase of unemployment, of retirement pensions, of the most needy, and of so many who are nowadays below the poverty line,” Giménez affirms.
One of the cases which shone a light on the ridiculous nature of his radical adjustment was what happened with the social kitchens, soup kitchens run oftentimes by left and progressive community organizations. Milei’s government and his Minister of Human Capital Sandra Pettovello were involved in a serious controversy when it was shown that, while the kitchens were subjected to serious budget cuts as part of the fiscal adjustment which made it impossible to feed the increasing number of hungry people, several tons of food were rotting in State warehouses. The Argentine courts had to order the immediate distribution of the food.
The defunding of university education
Probably the most important internal challenge faced by Milei during this first year was the massive demonstrations of students, professors, and university workers against the Executive’s refusal to increase the university budget. The Legislature had passed a law allowing for the budget increase, but Milei refused to comply with it and vetoed it completely. This generated a lot of discontent among Argentine students who took to the streets against the austerity policies of Milei’s libertarian government, and even went so far as to take over dozens of universities and hold university classes in the streets as a form of protest.
Giménez says in this regard, “Those who lose the most with [the veto of the law] are the professors of public universities who today are within the poor population…According to several surveys, the majority of the population agrees with the public character of health, education, etc., and of the Argentine State as protector and benefactor of these areas, so Mieli’s discourse against universities did not work because…public university education has great popular support.”
International relations
Milei has repeatedly stated that Argentina was, at some point in its history, the first world power. Therefore, what his government should do, according to his rhetoric, is to turn it into a great world power again. This “messianic” bet is synthesized in the often-used slogan “Make Argentina Great Again”, which evidently is reminiscent of Trump’s MAGA. “But Argentina never had a geopolitical weight that Milei says it once had as a first power,” Giménez tells us.
During the vote on whether or not to lift the US economic blockade of Cuba, Argentina voted along with almost all countries to call for an end to the blockade. In retaliation, Milei fired his foreign minister for this vote. According to Giménez, Argentina has historically voted against the blockade and supported other progressive international issues because it hopes that other countries will support its intention to recover the Malvinas Islands, which are currently under British control. Milei however, has wanted to assume a Trumpist international logic, says Giménez, and has assumed a fight against LGBTIQ+ groups and measures to curb climate change, while manifesting strong support in favor of Israel and the United States.
That is why the discussions at the UN on the prevention of violence against girls and women, the ceasefire in Palestine, and the withdrawal of the Argentine delegation from COP29, show the rejection of certain political causes which the president himself calls “the Cultural Battle”. As part of this battle he has attacked journalists, politicians and intellectuals, and founded the new think tank Faro Foundation whose objective is to: “To promote the ideas of economic liberalism and the historical values of Argentine culture, in order to contribute to the economic and social development of our Nation, fighting the cultural battle.” This confrontational attitude has led him to have several impasses with regional political leaders such as Colombian President Gustavo Petro.
But this confrontational attitude, more typical of a media commentator, has its limits. For example, Giménez reminds us that after announcing before his presidency that he would never negotiate with China because they are communists, Milei eventually had to negotiate with Beijing because of the importance of that country for the Argentine economy.
Likewise, Milei has openly positioned himself behind the geopolitical line of US President-elect Donald Trump, attending several select meetings organized by the US president. Milei, according to Giménez, intends to position himself, unsuccessfully, as an international leader who will inspire a global political transformation. Perhaps that is why he has made more trips abroad than within the country, especially to the United States. Likewise, his closeness with the International Monetary Fund stands out.
His revisionist ideological struggle
Milei has also had a significant impact on the ideological dispute in Argentina with his bizarre and aggressive speeches.
For example, he said that he would be delighted to drive the last nail in the coffin of former Peronist president Cristina Fernández, who is the subject of a judicial process that seeks to disqualify her politically and put her in prison.
He has also questioned the figures of human rights organizations on the number of dead and disappeared caused by the last military dictatorship in Argentina. His vice-president, Victoria Villarruel, is a descendant of a military family and before his death, had paid a personal visit to Rafael Videla, head of the last military dictatorship. Milei wants Argentines to forget the dictatorship as if it’s something that can be left behind, says Giménez. In order for Milei to advance his political and ideological project to “make Argentina great again”, he must break certain established and socially consensual notions “and generate other discourses closer to capitalism, revisionist, discuss the importance of the university and public employment…and that includes relativizing one of the darkest periods of Argentine history such as the military dictatorship,” Giménez explains.
Milei has vigorously gone after his ambitious goals of economic liberalization and austerity, without asking “at what cost?” The significant rejection of such policies by broad sectors of the population and the deepening of social conflict will continue and intensify. Milei still has three years left in his presidency, so the future of his government is uncertain. What is certain is that he does not seem to be slowing down his pretensions, but rather accelerating the radical neoliberal program that he defends to the hilt.
A view of Brooks Range as seen from the Dalton Highway on May 10, 2024 in North Slope Borough, Alaska. (Photo: Lance King/Getty Images)
“This is yet one more sign, predicted by scientists, of the consequences of inadequately reducing fossil fuel pollution,” said one scientist.
Permafrost in the Arctic has stored carbon dioxide for millennia, but the annual Arctic Report Card released by the National Oceanic and Atmospheric Administration reveals a concerning shift linked to planetary heating and a rising number of wildfires in the icy region: The tundra is now emitting more carbon than it is storing.
The report card revealed that over the last year, the tundra’s temperature rose to its second-highest level on record, causing the frozen soil to melt.
The melting of the permafrost activates microbes in the soil which decompose the trapped carbon, causing it to be released into the atmosphere as planet-heating carbon dioxide and methane.
The release of fossil fuels from the permafrost is also being caused by increased Arctic wildfires, which have emitted an average of 207 million tons of carbon per year since 2003.
“Our observations now show that the Arctic tundra, which is experiencing warming and increased wildfire, is now emitting more carbon than it stores, which will worsen climate change impacts,” said Rick Spinrad, administrator of NOAA. “This is yet one more sign, predicted by scientists, of the consequences of inadequately reducing fossil fuel pollution.”
Sue Natali, a scientist at the Woodwell Climate Research Center in Massachusetts and one of 97 international scientists who contributed to the Arctic Report Card, told NPR that 1.5 trillion tons of carbon are still being stored in the tundra—suggesting that the continued warming of the permafrost could make it a huge source of planet-heating greenhouse gas emissions.
Along with the “Arctic tundra transformation from carbon sink to carbon source,” NOAA reported declines in caribou herds and increasing winter precipitation.
The report card showed that the autumn of 2023 and summer of 2024 saw the second- and third-warmest temperatures on record across the Arctic, and a heatwave in August 2024 set an all-time record for daily temperatures in several communities in northern Alaska and Canada.
The last nine years have been the nine warmest on record in the Arctic region.
“Many of the Arctic’s vital signs that we track are either setting or flirting with record-high or record-low values nearly every year,” said Gerald (J.J.) Frost, a senior scientist with Alaska Biological Research, Inc. and a veteran Arctic Report Card author. “This is an indication that recent extreme years are the result of long-term, persistent changes, and not the result of variability in the climate system.”
Brenda Ekwurzel, a climate scientist at the Union of Concerned Scientists, emphasized that the continuous release of fossil fuel emissions from oil and gas extraction and other pollution has caused the Arctic to warm at a faster rate than the Earth as a whole over the past 11 years.
“These combined changes are contributing to worsening wildfires and thawing permafrost to an extent so historic that it caused the Arctic to be a net carbon source after millennia serving as a net carbon storage region,” said Ekwurzel. “If this becomes a consistent trend, it will further increase climate change globally.”
The Arctic Report Card was released weeks before President-elect Donald Trump is set to take office. Trump has pledged to slash climate regulations introduced by the Biden administration and to increase oil and gas production. He has mused that sea-level rise will create “more oceanfront property” and has called the climate crisis a “hoax,” while his nominee for energy secretary, Chris Wright, the CEO of the fracking company Liberty Energy, has claimed that climate warming is good for the planet.
“These sobering impacts in the Arctic are one more manifestation of how policymakers in the United States and around the world are continuing to prioritize the profits of fossil fuel polluters over the well-being of people and the planet and putting the goals of the Paris climate agreement in peril,” said Ekwurzel. “All countries, but especially wealthy, high-emitting nations, need to drastically reduce heat-trapping emissions at a rapid pace in accord with the latest science and aid in efforts of climate-vulnerable communities to prepare for what’s to come and help lower-resourced countries working to decrease emissions too.”
Experienced climbers scale a rock face near the historic Dumbarton castle in Glasgow, releasing a banner that reads “Climate on a Cliff Edge.” One activist, dressed as a globe, symbolically looms near the edge, while another plays the bagpipes on the shores below. | Photo courtesy of Extinction Rebellion and Mark Richards
Warren Stephens. Credit: The Golfer’s Journal / YouTube
Campaigners warn that the UK will face “pressure from American fossil fuel interests” to slow its energy transition.
U.S. president-elect Donald Trump’s pick to be UK ambassador runs a firm with investments in several oil and gas companies, DeSmog can reveal.
Billionaire Warren Stephens, a major Trump donor who was nominated on Monday to be the next UK ambassador, is chairman, president, and CEO of Stephens Inc., one of the largest privately-owned investment banks in the U.S..
The firm’s portfolio includes at least five companies that make their money from oil and gas exploration and production, including one, Stephens Natural Resources, which is “solely owned” by the Stephens family business.
“President-elect Trump’s promise to boost U.S. fossil fuel production is reflected in his choice of UK ambassador, raising concerns about the potential impact on the UK’s own climate leadership”, said Fossil Free Parliament campaigner Carys Boughton.
Tessa Khan, executive director of the environmental campaign group Uplift, told DeSmog the appointment was a sign that “the UK is going to be under pressure from American fossil fuel interests to slow its transition away from oil and gas”.
Trump has vowed to “drill, baby, drill” for oil and gas in the U.S. while his presidential campaign received the backing of major fossil fuel interests. The president-elect has called climate change a “hoax” and is expected to once again pull the U.S. out of the flagship 2015 Paris Agreement, which established a global ambition to limit warming to 1.5C above industrial levels.
The Stephens hire comes just weeks after the UK Labour government unveiled an ambitious new climate target to cut emissions by 81 percent by 2035. The move was criticised by Conservative Party leader Kemi Badenoch, who this week flew to Washington DC reportedly to build ties with senior Republicans ahead of a second Trump presidency.
As DeSmog revealed last week, Badenoch has hired advisors who have criticised climate action and have links to fossil fuel-funded think tanks. Badenoch, who describes herself a “net zero sceptic” has also received donations from the head of Net Zero Watch, a climate science denial group.
Oil and Gas Investments
Stephens Inc.’s investments in oil and gas include Stephens Natural Resources, a company run by Warren’s uncle Witt Stephens.
The company, which trades as Stephens Production, “has a rich history of drilling and producing both oil and natural gas”, according to its website, and “continues to expand its production and reserves in the continental U.S. and offshore Gulf of Mexico”.
The company is “solely owned” by the Stephens family, whose investment stretches back to 1953, according to the website.
Stephens Inc.’s other current investments, which date back to the mid-2010s, include Four Corners Petroleum, an oil exploration and production company based in Colorado.
Stephens Inc. lists RK Supply in its portfolio, a “leading distributor of piping, oil and gas valves, fittings, and other oilfield service equipment” based in Texas. It also lists Dakota Midstream, a company that “provides infrastructure support to oil and gas exploration and production”, based in Colorado.
Another company in the Stephen Inc. portfolio, Texas-based Basin Oil & Gas, buys “non-operating oil and gas interests”, and is developing carbon capture and sequestration projects. Carbon capture is a favoured climate solution of the oil and gas industry, and is often used simply to extract more fossil fuels.
Stephens Inc. lists a firm called Capture Point in its portfolio, which specialises in enhanced oil recovery – a method for extracting hard-to-get oil. Capture Point told DeSmog that Stephens Inc. was not an investor in the company, though did not respond when asked if Stephens Inc. was previously an investor.
All the companies cited were approached for comment.
Trump Tensions
Stephens’s appointment comes at a critical time for the UK’s energy transition, and highlights the differences between the new Labour government and the incoming Trump administration.
Prime Minister Keir Starmer last month attended the COP29 climate summit in Baku, Azerbaijan, pledging that the UK would restore its role “as a climate leader on the world stage”. In its 2024 election manifesto, Starmer’s Labour Party pledged to ban all new licenses for oil and gas exploration in the North Sea. However, after five months in office, the government has yet to implement that promise.
“While the UK government has pledged to turn the UK into a ‘clean energy superpower’, it has not enacted its manifesto commitment to ban new licenses, nor provided a plan for a just transition away from fossil fuels”, Carys Boughton told DeSmog.
“Trump’s choice of ambassador will gift the fossil fuel industry yet more influence within UK politics, which is particularly concerning while the government is still wavering on the future of fossil fuels.
“It is therefore yet more important that the government take action to restrict fossil fuel industry influence – to protect its developing climate and energy policy from the industry’s polluting interests.”
As DeSmog has reported, Trump’s would-be energy secretary Chris Wright, chief executive of fracking company Liberty Energy, has praised Danish climate crisis denier Bjorn Lomborg as a friend. Wright’s nomination was welcomed by the CO2 Coalition, a climate science denial group which has received funding from the Koch Industries oil dynasty.
Analysis by the climate outlet Heated found that all of Trump’s cabinet picks have made misleading statements about climate change.
Science denial and an enthusiasm for fossil fuels are also views shared by Trump’s UK supporters. In September, DeSmog reported that Trump ally Nigel Farage, the Clacton MP and leader of Reform UK, was a keynote speaker at an event in Chicago run by the Heartland Institute, where he called on the U.S. to “drill, baby, drill” for more fossil fuels.
“It’s no surprise that this appointment – like the rest of Trump’s administration – is shot through with oil and gas interests”, Uplift’s Tessa Khan, told DeSmog.
“Fossil fuel companies will prove extremely influential in the incoming U.S. government, and they want nations across the world to remain hooked on oil and gas for years to come just so they can keep profiting.
“The UK is going to be under pressure from American fossil fuel interests to slow its transition away from oil and gas. To succumb would be against the UK’s national interest”.
