- Major U.S. companies remain committed to renewable energy despite Trump’s pro-fossil fuel policies.
- Market demand and investor pressure drive clean energy initiatives, keeping energy transition plans intact.
- U.S. banks continue investing in renewables after exiting the Net-Zero Banking Alliance.
Donald Trump’s return to the presidency brings renewed attention to fossil fuels. On his first day in office, Trump signed orders to boost domestic oil production and confirmed the U.S. withdrawal from the Paris Agreement. These actions raised concerns about the future of America’s clean energy plans.
However, major U.S. companies continue to commit to renewable energy. Thierry Laborde, Deputy CEO of BNP Paribas, stated that North American companies will not reverse their energy transition plans. “Their transition plans are in place, and they will continue,” he said on France Inter. Large industrial and financial groups integrated long-term energy strategies, and government policies do not seem to change that.
Market demand and investor pressure drive this commitment. Companies are adapting to regulations promoting emissions reductions in the U.S. and globally. The pressure to reduce carbon footprints persists, regardless of changes in U.S. leadership.
Meanwhile, six central U.S. banks—Goldman Sachs, Wells Fargo, Citi, Bank of America, Morgan Stanley, and JPMorgan Chase—recently exited the United Nations’ Net-Zero Banking Alliance (NZBA). This program encouraged banks to pursue carbon neutrality. Their exit sparked concerns about a potential resurgence of fossil fuel financing.
Yet experts believe these banks will continue funding renewable energy projects. Laborde highlighted that “they are still massively funding green energy,” pointing to the sector’s rising profitability. Despite leaving the NZBA, these financial institutions remain heavily invested in renewables due to the growing demand for cleaner energy.
The renewable energy market thrives even amid political uncertainty. In 2024, global investments in renewables reached $2 trillion, according to UN Climate estimates. U.S. energy companies diversify their energy sources to reduce reliance on unpredictable hydrocarbon prices.
This shift reflects a broader transformation in the global energy market. U.S. companies invest in fossil fuels and renewables to maintain competitiveness in a world moving toward cleaner energy. Even as Trump’s policies favour fossil fuels, the energy transition stays intact, driven by economic and industrial factors.
U.S. companies actively position themselves as leaders in traditional and renewable energy markets as the energy sector evolves. Trump’s policies may slow government-led initiatives, but private corporations remain focused on long-term sustainability goals.
In conclusion, Trump’s return to office will not derail the energy transition in the U.S. Major corporations and financial institutions continue pursuing clean energy, spurred by market forces, investor pressure, and global regulations. The U.S. energy market diversifies rapidly, with renewables becoming a key player. Despite political shifts, the nation’s energy transition remains strong.