Why Donald Trump won't hold back solar and wind power

Tom DiChristopher | @tdichristopher
Published 9:29 AM ET Tue, 24 Jan 2017 Updated 1:22 PM ET Tue, 24 Jan 2017

President Donald Trump's full-throated support for fossil fuel production and his climate change denial have raised concerns about the future of renewable energy projects in America, but some investors believe the president cannot hold back solar and wind energy deployment — or alternative energy stocks.
Those investors say goals adopted by more than half of U.S. states are what's driving growth in renewable energy projects, and Trump will have little effect on these efforts. They also note that more corporations are pledging to draw power from renewable sources, and lawmakers on both sides of the aisle last month renewed subsidies for solar and wind energy firms.
The new president made clear in his 2015 book, "Crippled America," that he believes renewable energy is a bad investment. Even developing alternative forms of energy from renewable sources is "a big mistake," he said.

"To begin with, the whole push for renewable energy is being driven by the wrong motivation, the mistaken belief that global climate change is being caused by carbon emissions. If you don't buy that — and I don't — then what we have is really just an expensive way of making the tree-huggers feel good about themselves," Trump wrote.





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