US President Donald Trump... (Photo by Brendan SMIALOWSKI / AFP)
President Donald Trump’s fossil fuel agenda will result in the loss of $700 billion in clean energy investments over the next decade while doubling the power sector’s climate footprint, according to analysis published Tuesday.
The report by the nonprofit Natural Resources Defence Council examined the cumulative impact of policies passed by Trump — who campaigned on cutting utility bills in half within 18 months in office, though in reality they rose 16 percent as of May 2026, according to Energy Information Administration data.
These actions include the passage of the One Big Beautiful Bill Act in July 2025, which gutted tax credits on clean energy, and the global tariff war that has strained supply chains and raised the cost of electricity generation technologies as a whole.
Trump’s policies have also focused on propping up the fossil fuel industry — including forcing utilities to keep old, expensive fossil fuel plants beyond their planned retirement, and restarting or building new coal plants, while stalling federal permits for wind development.
