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Big and Beautiful Bill Favors Traditional Energy; Solar and Wind Industries Lose Ground
2 day ago /
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Author：小编
The bill championed by Trump has now been enacted, marking the end of long-standing support for solar and wind energy. Instead, it fosters a favorable environment for the production of oil, gas, and coal. The legislation permits oil and gas drilling on federal lands and waters, enhances lease sales, and lowers royalties for oil and gas producers operating on federal property. Concurrently, it phases out tax credits for wind and solar energy, ensuring that new projects initiated after 2027 will no longer be eligible for tax incentives.
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