Public outcry over data centers has banks recalculating risk
Major banks like Bank of America and JPMorgan are reassessing financing for AI data center projects due to increasing public backlash across the U.S. This opposition, driven by concerns over energy use, noise, and environmental impact, has led to numerous project cancellations and the enactment of over 500 local restrictions. Over 50 planned data centers have been canceled this year alone, with the pace of moratoriums accelerating.


