You’re out of free articles.
Log in
To continue reading, log in to your account.
Create a Free Account
To unlock more free articles, please create a free account.
Sign In or Create an Account.
By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy
Welcome to Heatmap
Thank you for registering with Heatmap. Climate change is one of the greatest challenges of our lives, a force reshaping our economy, our politics, and our culture. We hope to be your trusted, friendly, and insightful guide to that transformation. Please enjoy your free articles. You can check your profile here .
subscribe to get Unlimited access
Offer for a Heatmap News Unlimited Access subscription; please note that your subscription will renew automatically unless you cancel prior to renewal. Cancellation takes effect at the end of your current billing period. We will let you know in advance of any price changes. Taxes may apply. Offer terms are subject to change.
Subscribe to get unlimited Access
Hey, you are out of free articles but you are only a few clicks away from full access. Subscribe below and take advantage of our introductory offer.
subscribe to get Unlimited access
Offer for a Heatmap News Unlimited Access subscription; please note that your subscription will renew automatically unless you cancel prior to renewal. Cancellation takes effect at the end of your current billing period. We will let you know in advance of any price changes. Taxes may apply. Offer terms are subject to change.
Create Your Account
Please Enter Your Password
Forgot your password?
Please enter the email address you use for your account so we can send you a link to reset your password:
The president is on his way to Los Angeles next.

On his fifth day back in office, President Trump is making the rounds to recent disaster zones —- North Carolina, which is recovering from Hurricane Helene, and later Los Angeles, where fires are still burning. In the immediate aftermath of both catastrophes, Trump was quick to blame Democrats for their response. Touching down in North Carolina earlier today, he sounded the same tune as he proposed overhauling or even eliminating the Federal Emergency Management Agency, which is responsible for disaster preparation and recovery nationwide.
On the tarmac, Trump told the press that his administration was “looking at the whole concept of FEMA,” saying he would rather states be solely responsible for disaster recovery. Later, at a hurricane recovery briefing, Trump said that he planned to sign an executive order that would “begin the process of fundamentally reforming and overhauling FEMA — or maybe getting rid of FEMA.” Trump dodged questions on details of the order or a timeline for implementation.
While speaking to a group of North Carolina families at a separate event, Trump told them, “Unfortunately, our government failed you, but it wasn’t the Trump government. It was a government run by Biden.” False claims about the hurricane response, stoked by Trump during the final month of his campaign against Kamala Harris, led FEMA to put up a “myth and fact” response page on its website to debunk swirling rumors.
It is true, however, that earlier this month, FEMA informed thousands of displaced North Carolina residents that their vouchers for temporary housing were about to expire for one of three reasons: their homes had been deemed “habitable,” the residents had not approved a FEMA inspection, or the agency couldn’t get in contact with them. Speaking to the families, Trump said this was unjustifiable given that “your government provided shelter and housing for illegal aliens from all over the world.” He claimed he would “surge housing solutions” to the state that went beyond FEMA’s temporary measures, but did not provide more details as to how.
After arriving in Los Angeles, where large swaths of the city have been devastated by still-active wildfires, President Trump met with Governor Gavin Newsom on the tarmac, striking a conciliatory tone as he said he wanted to “work together” to help L.A. recover. This disaster also prompted a flurry of misinformation when fire hydrants in the city temporarily ran dry. While the city’s water infrastructure simply wasn’t equipped to put out numerous simultaneous historic blazes, Trump put the blame squarely on Newsom and his previous opposition to a policy that would have redirected water from a river delta in Northern California to farms in the Central Valley and cities in Southern California, endangering a fish species called the Delta smelt.
Experts say this has nothing to do with the fires or the ability to put them out, as all water storage tanks were full and the blazes were due to a combination of drought and extreme winds. Yet Trump has continued to hold up the protection of the smelt fish as all that’s wrong with California’s fire response, even making it a feature of his recent executive order “Putting People Over Fish: Stopping Radical Environmentalism To Provide Water Solutions To Southern California.”
After a tour of the Pacific Palisades neighborhood and a photoshoot with L.A. firefighters, Trump met with city and state leaders and pledged to declare a national emergency that would allow him to waive all federal permits for rebuilding. “The federal permit can take 10 years. We’re not going to do that. We don’t want to take 10 days,” Trump said to applause. “I’d ask that the local permitting process be the same.”
L.A. Mayor Karen Bass agreed that she wanted to expedite the process but reiterated that before rebuilding efforts could begin in earnest, all the fire debris needed to be cleared. That’s an arduous process that the Army Corp of Engineers estimated could take 18 months to complete. While Bass vowed to speed up this timeline, Trump claimed that “the people are willing to clean out their own debris.”
Trump also repeated his promise to “open up the pumps and valves in the North,” though again, there’s no evidence that more piped water would have done anything to prevent these fires. “We want to get that water pouring down as quickly as possible. Let hundreds of millions of gallons of water flow down into Southern California, and that’ll be a big benefit to you.”
And he didn’t miss an opportunity to mention the smelt once more, telling the assembled leaders “it’s in numerous other areas. So it doesn’t have to be protected. The people of California have to be protected.”
Editor‘s note: This story has been updated to reflect Trump’s visit to Los Angeles.
Log in
To continue reading, log in to your account.
Create a Free Account
To unlock more free articles, please create a free account.
Clean energy stocks were up after the court ruled that the president lacked legal authority to impose the trade barriers.
The Supreme Court struck down several of Donald Trump’s tariffs — the “fentanyl” tariffs on Canada, Mexico, and China and the worldwide “reciprocal” tariffs ostensibly designed to cure the trade deficit — on Friday morning, ruling that they are illegal under the International Emergency Economic Powers Act.
The actual details of refunding tariffs will have to be addressed by lower courts. Meanwhile, the White House has previewed plans to quickly reimpose tariffs under other, better-established authorities.
The tariffs have weighed heavily on clean energy manufacturers, with several companies’ share prices falling dramatically in the wake of the initial announcements in April and tariff discussion dominating subsequent earnings calls. Now there’s been a sigh of relief, although many analysts expected the Court to be extremely skeptical of the Trump administration’s legal arguments for the tariffs.
The iShares Global Clean Energy ETF was up almost 1%, and shares in the solar manufacturer First Solar and the inverter company Enphase were up over 5% and 3%, respectively.
First Solar initially seemed like a winner of the trade barriers, however the company said during its first quarter earnings call last year that the high tariff rate and uncertainty about future policy negatively affected investments it had made in Asia for the U.S. market. Enphase, the inverter and battery company, reported that its gross margins included five percentage points of negative impact from reciprocal tariffs.
Trump unveiled the reciprocal tariffs on April 2, a.k.a. “liberation day,” and they have dominated decisionmaking and investor sentiment for clean energy companies. Despite extensive efforts to build an American supply chain, many U.S. clean energy companies — especially if they deal with batteries or solar — are still often dependent on imports, especially from Asia and specifically China.
In an April earnings call, Tesla’s chief financial officer said that the impact of tariffs on the company’s energy business would be “outsized.” The turbine manufacturer GE Vernova predicted hundreds of millions of dollars of new costs.
Companies scrambled and accelerated their efforts to source products and supplies from the United States, or at least anywhere other than China.
Even though the tariffs were quickly dialed back following a brutal market reaction, costs that were still being felt through the end of last year. Tesla said during its January earnings call that it expected margins to shrink in its energy business due to “policy uncertainty” and the “cost of tariffs.”
Alphabet and Amazon each plan to spend a small-country-GDP’s worth of money this year.
Big tech is spending big on data centers — which means it’s also spending big on power.
Alphabet, the parent company of Google, announced Wednesday that it expects to spend $175 billion to $185 billion on capital expenditures this year. That estimate is about double what it spent in 2025, far north of Wall Street’s expected $121 billion, and somewhere between the gross domestic products of Ecuador and Morocco.
This is a “a massive investment in absolute terms,” Jefferies analyst Brent Thill wrote in a note to clients Thursday. “Jarringly large,” Guggenheim analyst Michael Morris wrote. With this announcement, total expected capital expenditures by Alphabet, Microsoft and Meta for 2026 are at $459 billion, according to Jefferies calculations — roughly the GDP of South Africa. If Alphabet’s spending comes in at the top end of its projected range, that would be a third larger than the “total data center spend across the 6 largest players only 3 years ago,” according to Brian Nowak, an analyst at Morgan Stanley.
And that was before Thursday, when Amazon told investors that it expects to spend “about $200 billion” on capital expenditures this year.
For Alphabet, this growth in capital expenditure will fund data center development to serve AI demand, just as it did last year. In 2025, “the vast majority of our capex was invested in technical infrastructure, approximately 60% of that investment in servers, and 40% in data centers and networking equipment,” chief financial officer Anat Ashkenazi said on the company’s earnings call.
The ramp up in data center capacity planned by the tech giants necessarily means more power demand. Google previewed its immense power needs late last year when it acquired the renewable developer Intersect for almost $5 billion.
When asked by an analyst during the company’s Wednesday earnings call “what keeps you up at night,” Alphabet chief executive Sundar Pichai said, “I think specifically at this moment, maybe the top question is definitely around capacity — all constraints, be it power, land, supply chain constraints. How do you ramp up to meet this extraordinary demand for this moment?”
One answer is to contract with utilities to build. The utility and renewable developer NextEra said during the company’s earnings call last week that it plans to bring on 15 gigawatts worth of power to serve datacenters over the next decade, “but I'll be disappointed if we don't double our goal and deliver at least 30 gigawatts through this channel by 2035,” NextEra chief executive John Ketchum said. (A single gigawatt can power about 800,000 homes).
The largest and most well-established technology companies — the Microsofts, the Alphabets, the Metas, and the Amazons — have various sustainability and clean energy commitments, meaning that all sorts of clean power (as well as a fair amount of natural gas) are likely to get even more investment as data center investment ramps up.
Jefferies analyst Julien Dumoulin-Smith described the Alphabet capex figure as “a utility tailwind,” specifically calling out NextEra, renewable developer Clearway Energy (which struck a $2.4 billion deal with Google for 1.2 gigawatts worth of projects earlier this year), utility Entergy (which is Google’s partner for $4 billion worth of projects in Arkansas), Kansas-based utility Evergy (which is working on a data center project in Kansas City with Google), and Wisconsin-based utility Alliant (which is working on data center projects with Google in Iowa).
If getting power for its data centers keeps Pichai up at night, there’s no lack of utility executives willing to answer his calls.
The offshore wind industry is now five-for-five against Trump’s orders to halt construction.
District Judge Royce Lamberth ruled Monday morning that Orsted could resume construction of the Sunrise Wind project off the coast of New England. This wasn’t a surprise considering Lamberth has previously ruled not once but twice in favor of Orsted continuing work on a separate offshore energy project, Revolution Wind, and the legal arguments were the same. It also comes after the Trump administration lost three other cases over these stop work orders, which were issued without warning shortly before Christmas on questionable national security grounds.
The stakes in this case couldn’t be more clear. If the government were to somehow prevail in one or more of these cases, it would potentially allow agencies to shut down any construction project underway using even the vaguest of national security claims. But as I have previously explained, that behavior is often a textbook violation of federal administrative procedure law.
Whether the Trump administration will appeal any of these rulings is now the most urgent question. There have been no indications that the administration intends to do so, and a review of the federal dockets indicates nothing has been filed yet.
The Department of Justice declined to comment on whether it would seek to appeal any or all of the rulings.
Editor’s note: This story has been updated to reflect that the administration declined to comment.