[Jack Aylmer]
THE CLEAN ENERGY SECTOR IS RESPONDING TO PRESIDENT ELECT DONALD TRUMP’S VICTORY.
EXPERTS PREDICT HIS RETURN TO THE OVAL OFFICE WILL SLOW DOWN-
BUT NOT ENTIRELY STOP-
THE EXPANSION OF RENEWABLE POWER INFRASTRUCTURE IN THE U.S.
THAT’S IN PART BECAUSE A REPEAL OF THE BIDEN ADMINISTRATION’S SIGNATURE CLIMATE LAW, THE INFLATION REDUCTION ACT, WOULD LIKELY BE DIFFICULT.
EVEN WITH GOP CONTROL OF THE SENATE, ANALYSTS SAY THIS COULD STILL BE THE CASE BECAUSE THE MAJORITY OF JOBS AND ECONOMIC BENEFITS ITS SUPPLIED HAVE GONE TO RED STATES.
MEANING THE DECADE OF GOVERNMENT SUBSIDIES FOR NEW CLEAN-ENERGY PROJECTS THAT THIS LEGISLATION SUPPORTS IS EXPECTED TO CONTINUE.
HOWEVER, TRUMP CAN MAKE IT MORE DIFFICULT FOR THOSE FUNDS TO BE DISPERSED.
POTENTIALLY DOING SO BY HINDERING FEDERAL AGENCIES THAT DELIVER INFLATION REDUCTION ACT GRANTS AND LOANS-
OR USING EXECUTIVE ORDERS TO REDUCE FEDERAL LEASING AREAS FOR RENEWABLE PROJECTS SUCH AS OFFSHORE WIND.
INVESTORS HAVE ALREADY INDICATED THEIR FEARS THAT SUCH ACTIONS WILL BE TAKEN-
WITH MANY CLEAN ENERGY STOCKS DROPPING IN THE WAKE OF THIS WEEK’S PRESIDENTIAL ELECTION RESULTS.
WIND DEVELOPERS SAW THEIR STOCKS FALL BY AS MUCH AS 14 PERCENT ON WEDNESDAY-
AS SHARES IN SOLAR COMPANIES EXPERIENCED DROPS OF UP TO 40 PERCENT.
ULTIMATELY, TRUMP CAMPAIGN OFFICIALS SAY HIS ENERGY POLICIES WILL DIVERSIFY THE NATION’S OPTIONS FOR POWER GENERATION, REDUCE ELECTRIC COSTS AND SAVE TAXPAYERS BILLIONS OF DOLLARS.
THE NON-PARTISAN THINK TANK ‘ENERGY INNOVATION’ ASSERTS TRUMP’S POLICIES WILL INSTEAD INCREASE HOUSEHOLD UTILITY BILLS BY A COMBINED 32 BILLION DOLLARS, WHILE KILLING NEARLY 2 MILLION CLEAN ENERGY JOBS.
TO GET MORE CONTEXT ABOUT HOW THE 2024 PRESIDENTIAL ELECTION WILL IMPACT HOW U.S. ENERGY POLICY, DOWNLOAD THE STRAIGHT ARROW NEWS APP AND SIGN UP FOR ALERTS FROM ME- JACK AYLMER.