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Clean Energy Groups, Fossil Fuel Advocates React to 'Big, Beautiful Bill'

  • On July 4, President Donald Trump signed the One Big Beautiful Bill Act, reversing key clean energy incentives from the Inflation Reduction Act.
  • The bill signed July 4, 2025, reflects Trump’s pledge to support fossil fuels and aligns with Republican efforts to boost coal, nuclear, and oil sectors.
  • Following the signing, clean energy advocates warn that thousands of jobs may be lost, with consumer costs rising over $16 billion by 2030 and incentives ending soon.
  • Experts warn many factories will shut, thousands of jobs lost, and the U.S. remains dependent on fossil fuels as electricity demand is projected to surge by 50% by 2040.
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RealClearMarkets broke the news in on Monday, July 7, 2025.
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