President Donald Trump’s dismissal of climate change and attacks on renewable energy won’t significantly damp demand for clean power in the US, where artificial intelligence will further accelerate the shift to cheap, low-carbon energy, according to Fortescue Ltd.
Cost-of-living pressures and an AI-driven surge in power use will ensure clean-energy demand grows over the mid-to-long-term in the US, Chief Executive Officer Dino Otranto said in an interview on Friday. Renewable energy is already more economical than coal or gas in the US despite political roadblocks, he said.