It is inevitable that America will eventually follow the rest of the world and that in 40 or so years, it will run mainly on sun and wind.
The sprawling bill would boost fossil fuels and end tax credits for wind, solar power and electric vehicles.
Here’s a rundown on the winners and losers in the legislation muscled through Congress.
The Republican legislation muscled through Congress will reshape American’s energy landscape. Here’s a rundown on the winners and losers.
Wind and solar companies were already bracing for Congress to end federal subsidies. But the Senate bill goes even further and penalizes those industries.
For 50 years, automakers have had to increase the fuel efficiency of their vehicles or pay fines. The Republican megabill would set those penalties to $0.
The 7-to-2 decision stressed that it did not address the merits of the dispute, and concerned only whether the producers had standing to sue.
BYD and other companies doubled their share of the car market after the European Union imposed higher tariffs on electric vehicles from China.
A Senate tax package softens some blows imposed on renewables by a House version of the bill. But it still terminates many credits for clean power.
California leaders said the state intends to challenge the move in court, and to find new ways to move drivers toward electric vehicles.