Green-energy companies are freaking out, trying to figure out how to navigate the Republican sweep of the White House and Congress.
After being a favorite punching bag of President-elect Donald Trump’s campaign, they are contacting incoming cabinet appointees, hunting for friendly members of the transition team and calling on Republican members of Congress, according to executives. Some say they raced to order equipment or move dirt on projects before the new year to grandfather-in lucrative tax credits.
Stakes are high. Significant reductions to tax credits, and Trump’s promised tariffs on imports, could reduce investment in new renewables plants by $350 billion over the next decade, said Chris Seiple, vice chairman of power and renewables at Wood Mackenzie.
Read more in the Wall Street Journal here.
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