As U.S. media have been softening their critical tool-kits under fear of retribution from the Trump administration, the lead in critical reporting seems to have been taken by a mix of individual bloggers (some of which I list here) and formerly secondary publications like Wired and Rolling Stone. The former has been doing brilliant reporting on the Musk-Trump axis. Now Rolling Stone has published an excellent cover story by Antonia Juhasz on the proposed U.S.-Ukraine “Minerals Deal.”
In “Is Trump’s ‘Minerals Deal’ a Fossil Fuel Shakedown?” Juhasz probes the details of the deal and interviews some well positioned experts — including the Brookings Institution’s Samantha Gross, who calls the deal “extortionist,” Maria Popova, author of Russia and Ukraine: Engangled Histories, Diverging States, and Ukrainian environmental lawyer and climate campaigner Svitlana Romanko. The article is paywalled, but Juhasz urges her readers in Facebook to “Please read, share, and act!”, so my sharing of large parts of it is an honoring of her request.
In that Facebook post, Juhasz notes that “Zelensky is on his way to Saudi Arabia next week, being forced into a corner by the unholy alliance of Putin and Trump and to sign an “extortionist” “neocolonial plundering” of Ukraine’s vast natural resource riches, giving Trump and Putin unprecedented control of fossil fuels and minerals.”
In the article, she writes:
The deal would cut open Ukraine’s natural resource veins, and could leave the majority of its key resources — including fossil fuels — under Russian control. Fifty percent of Ukraine’s future earnings from its remaining natural resource wealth would go into a new fund under U.S. direction into which the United States would contribute nothing. The deal could benefit American and other Western companies but would provide few economic and no security guarantees to Ukraine.
It’s a steep price to pay for peace, but Ukraine may be forced to accept the deal given how closely aligned the Trump regime has become with Russian President Vladimir Putin. Trump is also laying the groundwork for the full reentry of Russia into the global economy, opening the door to a return of U.S. fossil fuel giants into one of the largest pools of oil and gas in the world.
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