Bloomberg Surveillance · Monday, July 20, 2026
The 'not in my backyard' sentiment is extending to data centers, with political opposition growing due to concerns over electricity prices and infrastructure strain. This trend is becoming a political risk that could impact the build-out of AI-related infrastructure.
“The concept of not in my backyard does not exist in China. I don't think anyone would say, oh, you can't build that here with any expectation that wouldn't happen. And you're seeing that really grow in the US.”
“It was all about electricity prices this year, especially with the moratorium in New York. It's about data centers, not in my backyard.”
“I think you're seeing kind of this not building in my backyards kind of step one.”