IT was supposed to be a glum year for green stocks as US President Donald Trump pushed his Big Oil agenda. Instead, the sector is booming as artificial intelligence (AI) powers massive demand for all kinds of energy.
The S&P Global Clean Energy Transition Index has rallied more than 40% this year, handily beating the S&P 500 Index, and outpacing the gain in the S&P Global Oil Index, which was expected to be a big winner on the back of Trump’s “drill, baby, drill” agenda.
