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Trump's inauguration has sparked a wave of anti-esg, but it does not hinder the continued bullishness of asset management giants on this energy transition sub-industry.
After seeing wind energy and cecep solar energy stocks plummet within hours of Trump's election win, asset management companies are turning their attention to a sector of green transformation that will ignore the incoming president's anti-esg agenda: the power grid.
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Traditional energy resurgence? Oil tycoon Chris Wright may become Trump's Secretary of Energy.
Chris Wright is considered to be "very, very skilled in energy" and has heavily criticized terms like "climate crisis," "clean energy," and "carbon pollution" associated with the eco-friendly concept. According to Trump's previous plan, the next Secretary of Energy will play a key role in promoting the export of liquefied henry hub natural gas (LNG).
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