Amrith Ramkumar and Scott Patterson | Wall Street Journal | 11/9/2024
Donald Trump’s victory puts a skeptic of global warming back in the White House, triggering an about-face on climate policy that threatens to derail billions of dollars in clean-energy investment and slow a reduction in the nation’s emissions.
Investors dumped shares of renewable-power developers and bought oil-and-gas stocks in the days after the election. Clean-energy companies are vulnerable because Trump has said he wants to repeal a 2022 Biden administration climate law that promised to channel several hundred billion dollars of tax incentives, loans and grants into the sector.
