inflation reduction act

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

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

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

Government & Policy /

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

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

Solar installer Sunnova races to raise cash as it issues ‘going concern’ warning

Climate /

Solar installer Sunnova issued a “going concern” warning as the company runs short on cash. The stock is currently down around 68% as investors gauge the risk that Sunnova is headed for bankruptcy, a frequent outcome for companies that issue such warnings. In a bid to stave off insolvency, Sunnova said Monday it is planning

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The real reason why oil and gas companies are bullish on carbon capture

Government & Policy /

Two years ago, oil and gas company Occidental bought carbon capture startup Carbon Engineering. The transaction was hailed as a win-win: A climate tech company scored a significant exit, and a fossil fuel company gained a foothold in a sector that could be worth up to $150 billion by 2050. Now we have a better

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