Finance
Clean-Energy Investors Thrown For a Loop in Post-Vote Turnaround
- Stocks bounce back after initial selloff amid delayed results
- Biden’s lead widens as Senate control becomes less certain
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Investors riding the prospects of Joe Biden’s $2 trillion clean energy plan have been thrown for a loop as a drawn-out vote count illustrates how much influence the outcome of the U.S. election will have on the world’s shift away from reliance on fossil fuels.
The S&P Global Clean Energy Index, made up of 30 companies from around the world, surged toward a record on Thursday, bouncing back from losses a day earlier, as Biden’s path to victory in the presidential race appeared clearer, while Republicans’ ability to maintain control of the Senate looked less certain.