Jun 30, 2025
U.S. Senate Tax Bill Sparks Blistering Backlash Over Cuts to Clean‑Energy Subsidies
The Senate GOP tax-and-spending bill that rolls back key solar and wind incentives, introduces new taxes on renewables, and imposes restrictions on Chinese equipment has triggered fierce criticism from labor groups, industry leaders, and even Elon Musk, amid fears of skyrocketing electricity costs and stalled green investment.
A Senate bill unveiled June 30 includes sweeping rollbacks to the Inflation Reduction Act’s support for wind and solar—phasing out production and investment tax credits by 2027, imposing an excise tax on projects using Chinese components, and sidelining EV incentives and residential solar credits. The proposal has drawn alarm from labor unions—warning it could wipe out the equivalent of over 1,000 Keystone XL pipeline jobs—plus major corporate players like Tesla’s Elon Musk and the U.S. Chamber of Commerce, who fear higher costs and stifled innovation. While some credits for solar leasing were retained, the legislation still sparked mixed stock market reactions, buoying firms like First Solar and Sunrun but weighing on others like NextEra. With deep divisions emerging within the GOP and across the Senate, the final outcome remains uncertain—but the risk to the clean‑energy transition is clear. Read more.
More in
Aug 11, 2025
Airline industry struggles to scale sustainable aviation fuel as flagship refinery shuts down and most projects stall.
A Reuters investigation reveals that only a fraction of the 165 sustainable aviation fuel (SAF) projects announced over the past decade have materialized, with World Energy’s flagship SAF refinery in California closing, underscoring systemic challenges that leave airlines far from meeting climate targets.
Jul 28, 2025
New York Projects Clean Energy Targets Will Be Missed Without Major Adjustment
New York’s freshly released energy plan warns the state will miss its climate mandates—such as powering 70% of its grid with renewables by 2030—unless grid upgrades, storage, and project deployment accelerate sharply.