A Trump Win Puts $1 Trillion in US Energy Investments at Risk
- Wood Mackenzie report sees boost for fossil fuels with GOP win
- Biden policies have turned US into global green-energy leader
Donald Trump speaks at a campaign rally in Waukesha, Wisconsin.
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A victory by Republican Donald Trump in the US presidential election threatens $1 trillion in energy investments and future support for low-carbon energy sources, according to a Wood Mackenzie report.
A Trump administration likely will put forward policies that reduce help for electric vehicles, renewable energy and carbon capture technologies while promoting fossil fuel production, the report said. Trump has already vowed to issue an executive order targeting offshore wind development if he wins. Wood Mackenzie said lower investments in US energy would delay the country’s push to zero out greenhouse gas emissions.