A joint statement promised new efforts to cut emissions at a time when China is positioning itself as the world’s one-stop shop for clean energy technologies.
According to two people familiar with the draft, it would eliminate the bedrock scientific finding that greenhouse-gas emissions threaten human life by dangerously warming the planet.
As the likes of Ford and Mercedes retreat, Great Wall Motor and BYD are building factories and bringing affordable EVs and hybrids to one of the world’s biggest markets.
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.
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.
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.