What midterm election blue wave rebuke of Trump means for renewable energy
Image: CNBC
As recently as 2022, many leaders in corporate America and the investment community were singing the praises of ESG — environmental, social, governance — as the foundation of stakeholder capitalism. It didn't take long for that tune to change, for understandable reasons.
President Trump didn't just make "ESG", "sustainability" and "climate change" dirty words in his "green new scam" rhetoric. The Trump administration's rollback of environmental regulations, elimination of clean energy subsidies and tax credits, defunding and halting of wind and solar projects, and embrace of the fossil fuels industry accelerated the backlash.
But renewable energy investing remains alive and well, notably among public and private funders of infrastructure projects and clean technology innovation.
This page shows only an excerpt. The full story is published by CNBC.
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