 Energy & Environment |
Energy & Environment |
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Senate passes GOP policy bill with energy changes |
The Senate on Tuesday passed its version of Trump's "big, beautiful bill" — but the chamber dropped its proposed excise tax on solar and wind. |
Vice President Vance cast the tiebreaking vote to approve the One Big, Beautiful Bill Act. GOP Sens. Thom Tillis (N.C.), Rand Paul (Ky.) and Susan Collins (Maine) voted against the measure, along with every Democrat. The text released on Tuesday has major changes compared to prior drafts It drops an excise tax that would have impacted future solar and wind projects if some of their components come from China.
The excise tax had been a last-minute addition to the bill and was made public over the weekend. Many in the industry had warned it could kill future projects. It also says that projects need to be producing electricity by 2028 to get the credit.
However, it also contains a new safe harbor that allows solar or wind projects that begin construction in the next year to get the full value of the credit — regardless of when they begin producing electricity.
Read more about the bill's passage here, from The Hill's Alexander Bolton and read more about its energy provision here, from Rachel. |
Welcome to The Hill's Energy & Environment newsletter, I'm Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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How policy will affect the energy and environment sectors now and in the future: |
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The Trump administration wants to zero out climate research at the National Oceanic and Atmospheric Administration (NOAA), according to a newly released budget document. |
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A handful of hard-line House conservatives are threatening to tank a Wednesday procedural vote for the party's reconciliation bill, a revolt that would bring the lower chamber to a screeching halt and potentially derail GOP leadership's plan of clearing the legislation by July 4. |
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As Republicans try to pare down tax subsidies for renewable energy in their massive reconciliation package, they're also giving an incentive for another energy source: coal that's used to make steel |
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Climate change is making heat waves like the one that lingered over much of the U.S. last week more frequent and intense. |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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Two key stories on The Hill right now: |
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A handful of hard-line House conservatives are threatening to tank a Wednesday procedural vote for the party's reconciliation bill, a revolt that would bring the lower chamber to a screeching halt and potentially derail GOP leadership's plan of clearing the legislation by July 4. Read more |
| Senate Republicans on Tuesday jammed through a major package advancing President Trump's tax priorities, paid for by a host of cuts to the social safety net, including Medicaid and food assistance. The bill also slashes green energy and includes changes to student loan programs. Read more |
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You're all caught up. See you tomorrow! |
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