US EditionSenate GOP tax bill could crush wind and solar power, advocates say
- On Tuesday, the U.S. Senate passed a Republican budget measure 51-50 that eliminates a proposed excise levy targeting solar and wind energy generation but accelerates the expiration of their associated tax incentives.
- The bill seeks to repeal key elements of the climate legislation enacted in 2022 under Democratic leadership, with Republicans aiming to pass it before the July 4 holiday despite bipartisan worries about its effects on energy.
- While the legislation retains incentives for advanced nuclear, geothermal, and hydropower, it increases oil and gas leases and revives coal leasing in certain states.
- Abigail Ross Hopper, president of the Solar Energy Industries Association, cautioned that if the legislation is enacted, it could lead to increased energy costs for households, factory closures, job losses for Americans, and a deterioration of the electric grid.
- The bill now moves to the House for final approval amid fears it could severely damage renewable energy growth and increase costs for consumers and businesses nationwide.
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Fox News misled its viewers on what Trump’s “Big Beautiful Bill” would mean for American energy, jobs, and manufacturing
President Donald Trump and the GOP’s sweeping domestic policy package, the “One Big Beautiful Bill Act,” would roll back clean technology tax credits established under the 2022 Inflation Reduction Act and have massive adverse impacts on energy prices and supply as well as energy sector jobs and manufacturing — all of which have been core concerns on Fox News for decades. But Fox has seemingly set aside its concerns around energy prices, supply, …
Daily on Energy: GOP clashes over clean tax credits
WHAT’S HAPPENING TODAY: Good afternoon and happy Wednesday, readers! One week after much of the U.S. was smacked by a sweltering heatwave, our friends in Europe are taking the hit. Extreme heat has gripped numerous countries including Spain, France, Germany, Portugal, and Italy, with major cities seeing record temperatures. Several deaths have been reported. If you are living in or traveling through Europe this week, be sure to remain in shaded…
Big Beautiful Bill could inflate Wyoming electricity rates, some observers say
Though bargaining continues, the One Big Beautiful Bill Act could land on President Donald Trump’s desk later this week with major implications for Wyoming’s energy economy and, very likely, residents’ electric bills. For better or worse? Depends on whether you believe renewable energy is a help or a hindrance to meet the exploding electrical demand. Wyoming’s top politicians suggest the bill, in its Senate form, is a panacea for affordable fos…
Anti-ESG Policy Is, Actually, One More Way To Fund Fossil Fuels - CleanTechnica
The news this morning is filled with stories about how US Senate Republicans have passed a huge budget bill that will blow up the US deficit by providing massive tax cuts to billionaires and corporations. It will also cut policies that would have supported the US economy and created jobs ... [continued] The post Anti-ESG Policy Is, Actually, One More Way To Fund Fossil Fuels appeared first on CleanTechnica.
Clean Energy Got Hit Hard in the Tax Bill. Some Players Still Have a Way to Win. - Barron's
Clean Energy Got Hit Hard in the Tax Bill. Some Players Still Have a Way to Win. Barron’s Article Attribution | Read More at Article Source The post Clean Energy Got Hit Hard in the Tax Bill. Some Players Still Have a Way to Win. – Barron’s appeared first on RocketNews.
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