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Inside Climate News
RocketNewsLatest GOP Provisions in Budget Bill Seek to Crush Renewable Energy - Inside Climate News
Last-minute additions to the Senate draft of the budget reconciliation bill would accelerate the rollback of Biden-era climate and renewable energy tax credit programs and put an excise tax on wind and solar projects.By Bob BerwynFar from the front lines of the climate crisis, 100 men and women in air-conditioned offices, 61 of them millionaires, are making decisions that could increase United States carbon dioxide emissions, and the warming of …
GOP budget bill poised to crush renewable energy in the US - WorldNL Magazine
An early evaluation shows the administration’s planned energy policies would result in the drilling of 50,000 new oil wells every year for the next few years, he said, adding that it “ensures the continuation of land devastation… the poisoning of soil and groundwater due to fossil fuels and the continuation of gas blowouts and fires.” There is nothing beneficial about the tax, he said, “only guaranteed misery.” An analysis by the Rhodium Group, …
The budget law of Trump (One Big Beautiful Bill, or OBBBB) which is about to pass the Senate should lead to the suppression by Congress of a large number of programs dedicated to supporting the energy transition: tax credits for the installation of solar panels, energy renovations and the construction of new energy efficient housing, but also for the purchase of electric vehicles. In its revised version, the text provides for the abolition of a …
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