Trump, copper
Digest more
President Donald Trump claims that rapid adoption of solar and wind power has made U.S. electricity unstable and expensive, justifying his bid to end most subsidies for renewable energy. But reliability has improved dramatically in the U.
Renewable-energy stocks fell, after President Trump issued an executive order calling for tight application of the eligibility rules for clean-energy tax credits. Shares in solar-equipment maker First Solar fell about 5% in morning trading Tuesday,
1h
The Cool Down on MSNTrump signs 'Big Beautiful Bill' at Fourth of July picnic — and the repercussions for the American people could last for decadesThe newly enacted law is poised to transform everything from healthcare to energy to food. Trump signs 'Big Beautiful Bill' at Fourth of July picnic — and the repercussions for the American people could last for decades first appeared on The Cool Down.
Donald Trump has advocated expanding production of domestic oil and gas to tackle a "national energy emergency."
Trump has committed to increasing U.S. energy production, particularly fossil fuels. He signed an executive order Monday aimed at phasing out tax credits for wind and solar facilities. CLAIM: Wind turbines are “almost exclusively” made in China, but President Xi Jinping told Trump they have “very, very few.”
The deal with Republican holdouts to end incentives for wind and solar power paved the way for passage of Trump’s mega-tax-and-spending bill. Trump’s July 4 signature on the bill completed the legislative assault on the Inflation Reduction Act’s subsidies for renewable energy.
The criticism comes days after the administration succeeded in slashing billions in energy tax credits in the Republicans’ One Big Beautiful Bill Act.
Shares of US solar companies fell after President Donald Trump called for new rules that would limit access to tax incentives for renewable energy projects that had already been pared back by a $3.4 trillion budget bill.