Tariffs Affect Renewables More than Oil and Gas

Tariffs Affect Renewables More than Oil and Gas

President Trump’s tariffs will likely hit the supply chains for wind and solar much harder than supply chains for fossil fuels. Almost all (90%) of capital expenditures associated with extracting oil and natural gas from shale basins was spent on domestically sourced parts, such as piping, while only 48% of capital expenditures associated with solar energy was spent on domestically sourced parts, such as modules and cables. Capital expenditures …