Wealthy Investors Are Targeting Foes of Clean Energy, and They Want Revenge
March 26, 2026 President Trump’s sweeping tax law last year eliminated most federal support for wind and solar energy, electric vehicles and other clean technologies. Now, a group of wealthy investors is coming after its architects, trying to prove that green energy knows how to play hardball politics. Their first target is Chip Roy, a Republican representative from Texas who led the push to kill subsidies for clean tech in the One Big Beautiful Bill Act. The investors, who include Chris Larsen, the billionaire co-founder of the cryptocurrency platform Ripple, are pouring money into defeating Mr. Roy’s campaign for attorney general in Texas. Clean energy backers have already bought $650,000 of TV ads bashing Roy, which helped force him into a primary runoff this month. They plan to announce this week that they’ll put another $500,000 into the runoff and develop a list of other races they’ll engage with this fall, too. Mr. Roy’s top Republican campaign rival, Mayes Middleton, is no frie...