It’s why the speaker of the House of Representatives, Mike Johnson, has said Republicans are “likely to take a scalpel but not a sledgehammer” to the IRA, Umunna said. “To be honest, whatever you think about climate change, the one thing where there is consensus is that we need more energy and we need it in abundance.”
A senior executive at JPMorgan Chase & Co. says it’s wrong to assume that the shift in US politics under President Donald Trump means the world’s largest economy has become hostile territory for green investors.
Chuka Umunna, global head of sustainable solutions at the biggest US bank, said in an interview with Bloomberg Television’s Tom Mackenzie that the Biden administration’s signature climate law — the Inflation Reduction Act — is so popular in Republican states that the GOP has had to acknowledge it can’t undo it.
