inflation reduction act

Judges side with Trump EPA over canceled Inflation Reduction Act grants to nonprofits

Climate /

The battle over $20 billion worth of climate-related funding authorized by Congress continues as an appellate court ruled on Tuesday in favor of the Environmental Protection Agency, which had terminated Biden-era grants made to nonprofits. The legal tussle stems from EPA administrator Lee Zeldin’s decision to cancel grants dispersed as part of the Inflation Reduction […]

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US manufacturing investment stumbles as clean tech cancellations pile up

Government & Policy /

More clean tech manufacturing investments were canceled in the U.S. in the second quarter than were announced, according to a new study from the Rhodium Group and MIT. Companies canceled $5 billion worth of projects, while only $4 billion in new investments was announced.  Actual clean tech manufacturing investments, not just announcements, declined by 15%,

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Final GOP bill kneecaps renewables and hydrogen, but lifts nuclear and geothermal

Climate /

Republican legislators Thursday passed a reconciliation act that, among other things, unwinds much of the Inflation Reduction Act. The bill, which passed 218-214 with two Republicans voting no, now awaits President Donald Trump’s signature. Trump is expected to sign it. Solar, wind, and clean hydrogen will all lose incentives under the new bill, while nuclear

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Senate GOP bill spares nuclear and geothermal energy while hammering wind and solar

Climate /

One month after the House passed its version of a reconciliation bill, Senate Republicans released their take on the budget bill Monday night. The Senate Finance Committee’s language would take a sledgehammer to some parts of the renewable-friendly Inflation Reduction Act (IRA) while sparing others.  Solar, wind, and hydrogen bear the brunt of the impact.

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Tesla pleads for Senate to spare its booming energy business

Climate /

Tesla is a business built, in part, on government regulations and incentives, from a Department of Energy loan guarantee in 2009 to the regulatory credits it sells to other automakers, which have driven a third of its $32 billion in profits since 2012.  Now, the company’s energy business — a rare bright spot amid faltering demand

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House GOP wants to cut parts of the Inflation Reduction Act while sparing others

Climate /

Republican leadership in the Ways and Means committee of the U.S. House of Representatives released Monday night a draft of a reconciliation bill that seeks to undo much of the Inflation Reduction Act. The landmark 2022 law implemented a range of incentives that spurred the production of clean energy, electric vehicles, carbon capture, and battery

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Trump-appointed judge orders Trump admin to ‘turn the funding spigots back on’

Government & Policy /

The Trump administration has made no secret that it dislikes disbursing money authorized by Congress under the Inflation Reduction Act and the Bipartisan Infrastructure Law. But on Tuesday, a federal judge issued an order “requiring the agencies to turn the funding spigots back on.” Under President Donald Trump, federal agencies have used his executive orders

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Judge orders Citibank to release nonprofit funds, rejects EPA’s arguments

Government & Policy /

A federal judge Tuesday found the Environmental Protection Agency acted in an “arbitrary and capricious” manner when terminating contracts with three nonprofits. The judge issued a temporary restraining order that requires the EPA and Citibank to give nonprofits access to funds in their accounts. The restraining order is the latest development in a lawsuit brought

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EPA was ‘arbitrary and capricious’ when it froze nonprofits’ Citibank accounts, judge finds

Climate /

A federal judge Tuesday found the Environmental Protection Agency acted in an “arbitrary and capricious” manner when terminating contracts with three nonprofits. The judge issued a temporary restraining order that requires the EPA and Citibank to give nonprofits access to funds in their accounts. The restraining order is the latest development in a lawsuit brought

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FBI, EPA, and Treasury told Citibank to freeze funds as Trump administration tries to claw back climate money

Climate /

Citibank revealed in court filings on Wednesday that the FBI, the EPA, the EPA inspector general, and the Treasury Department have all requested that the bank freeze accounts of several nonprofits and state government agencies. The accounts were frozen in February, but the new documents make public details that had previously been unknown, including a

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