President-elect Donald Trump called for a repeal of the Inflation Reduction Act and touted his intention to "drill baby drill" for more oil while on the campaign trail. Now, clean energy investors are questioning the future of the industry under a second Trump administration. Yahoo Finance’s Madison Mills speaks with Tom Steyer, Co-Executive Chair of Galvanize Climate Solutions at Yahoo Finance Invest. He makes the case for sticking with your investment thesis even in an uncertain market, saying, "There’s no such thing as a normal time in investing. Markets fluctuate all the time, and sometimes they fluctuate wildly." Steyer says strong investors cut through the noise and pay attention to what’s happening in the "real world." For climate technology investing in particular, Steyer speaks positively about the outlook. "What we’re seeing is very dramatic growth around the world of clean energy," Steyer says. He lays out a few key statistics, explaining that over the last four years, the solar energy and electric vehicle industries have multiplied four to five times while costs are coming down. "We’re going to a place of abundant, cheap, renewable energy. And the question is how fast do we get there," says Steyer.
#youtube #stockmarket #stocks
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
