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As the impact of the Trump attack on climate initiatives starts to bite in the form of abandoned clean energy projects, failed companies and laid off workers, a unique opportunity has opened up for those who can weather the storm.
Former President Joe Biden’s investments in climate projects created several hundred thousand jobs. They brought private investment in manufacturing into the U.S. from all over the world, the exact thing President Donald Trump’s tariffs are supposed to do but won’t because of the uncertainty.
As the new president unravels those Biden investments — even the ones favored by oil companies such as direct air capture of carbon — many of those jobs are being lost and foreign firms are pulling out instead of jumping in.