Wind and solar power have been under attack during Donald Trump’s second term as president. He has called renewable energy a “joke,” canceled wind and solar projects, and taken actions to prop up coal and other fossil fuels as a way to “secure” the country’s “energy independence.”
But the U.S. will struggle to have enough energy without wind and solar—especially as the tech sector’s growing use of AI demands more power—according to Chuka Umunna, JPMorgan Chase & Co’s global head of sustainable solutions, who spoke with Bloomberg Television on Tuesday.
The comments came as JPMorgan announced an initiative to invest $1.5 trillion toward “security and resilience” that includes investments for solar, battery storage, nuclear, and efforts to modernize the energy grid.
The Trump administratio