US Edition
Rough to “Energy Dominance” After GOP Kneecaps Wind and Solar
UNITED STATES, JUL 15 – The legislation boosts oil and gas subsidies and lease sales on federal lands while phasing out clean energy tax credits, potentially raising energy costs and slowing renewable growth.
- On Tuesday, President Donald Trump enacted the One Big Beautiful Bill, ending clean energy tax credits and expanding fossil fuel subsidies, heightening energy tensions.
- Under Subtitle C, the law phases out residential and commercial clean energy incentives, eliminating key tax credits for solar, wind, and other renewables.
- Tucked into hundreds of pages is parity among 45Q credits, with Occidental Petroleum CEO Vicki Hollub saying the 45Q now offers new rates, bolstering CCUS projects.
- Under the bill’s health provisions, the Congressional Budget Office estimated the bill could leave 11.8 million people uninsured by 2034 due to reduced Medicaid and ACA subsidies.
- Geopolitical competition and industrial capacity will increasingly shape global energy markets under the new legislation.
16 Articles
16 Articles
To Succeed in Washington, Clean Energy Has to Play Both Sides
The saga of President Trump’s One Big Beautiful Bill Act contains at least one clear lesson for the clean energy industry: It must grow a political spine and act like the trillion-dollar behemoth it is. And though the logic is counterintuitive, the new law will likely provide an opportunity to build one.The coming threat to renewable energy investment became apparent as soon as Trump won the presidency again last fall. The only questions were ho…
Cuts to Wind and Solar May Undermine GOP’s Promise of ‘Energy Dominance,’ Critics Say - Inside Climate News
Some experts argue that elements of the One Big Beautiful Bill Act will lead to increased costs for consumers and cede America’s position in the clean energy transition.By Aidan HughesAs the One Big Beautiful Bill Act squeaked its way through Congress earlier this month, its supporters heralded what they described as a new era for American energy and echoed what has become a familiar phrase among President Donald Trump’s supporters.
Trump Expands Lavish Tax Dodge for Silicon Valley VCs and Private Equity
President Donald Trump's sweeping tax and spending legislation, known as "One Big Beautiful Bill," offers dazzling benefits for early stage investors and startup founders. The law expands a tax benefit to investors in start-ups known as ‘Qualified Small Business Stock,’ commonly referred to as QSBS, which exempts certain capital gains from taxes entirely. Trump’s law tweaks the already lucrative tax provision to make it much more generous, expan…
‘Big Beautiful Bill’ expands oil and gas leasing, tax credits
KEY TAKEAWAYS: Bill mandates quarterly oil and gas lease sales on federal lands in 9 states Requires 30 new Gulf of Mexico lease sales through 2040 Expands 45Q tax credits for carbon capture and enhanced oil recovery Cuts royalty rates and eliminates methane-related fees for drillers President Trump’s One Big Beautiful Bill includes several provisions expanding federal subsidies and tax benefits for the oil and gas industry. Among its most…
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