logo
Trump bill's clean energy cuts spark outcry from climate tech industry and Washington leaders

Trump bill's clean energy cuts spark outcry from climate tech industry and Washington leaders

Geek Wire4 days ago
A wind turbine in Washington state. (GeekWire Photo / Kurt Schlosser)
As Congress wrestles over the deeply polarizing domestic policy bill championed by President Trump, Washington state leaders and entrepreneurs are raising concerns about the law's provisions that unwind progress on clean energy.
The House and Senate have passed slightly different versions of the tax-and-spending cuts mega bill. On the energy front, the variations are mostly around timelines for ending tax breaks that support the growth of clean energy companies and the deployment of clean power plants.
'When it comes to the all-out assault on clean energy in this bill, even [Tesla founder and former head of the Department of Government Efficiency] Elon Musk understands the plain facts of the matter — Republicans' cuts are 'utterly insane and destructive' and will 'destroy millions of jobs in America,'' said Sen. Patty Murray, D-Wash., citing comments from Musk.
Murray issued the statement following the Senate's split vote on the bill Tuesday morning, which required Vice President JD Vance to cast the tie-breaking vote. Trump and other GOP leaders defend the bill as cutting wasteful spending on clean energy subsidies approved under the Biden Administration.
U.S. lawmakers now need to reconcile the differences in the legislation to get it to President Trump's desk.
Business and nonprofit leaders in Washington state are waiting to see how the bill shakes out. The Pacific Northwest is home to dozens of climate-related businesses large and small that operate in Republican- and Democratic-leaning communities. That includes companies in next-gen battery materials, sustainable aviation, nuclear fission and fusion, carbon removal and other technologies.
The legislation 'harms the economy, slashes jobs, and increases costs for consumers,' said Michael Mann, executive director of the climate-focused nonprofit Clean & Prosperous Washington. 'It undermines Washington's competitiveness on a global scale, and cedes innovation and clean energy leadership to other countries.'
Energy installations imperiled
Seattle-based Ever.green has software to match corporations looking reduce their carbon footprints with developers that need funding to build clean energy plants.
Passage of this bill 'would be a significant setback for the clean energy transition,' said Ever.green CEO Cris Eugster, by email, who called it 'a direct attack on the wind and solar industries in the United States.'
'This comes at a time when renewables are the only new generation source that can scale quickly enough to meet rising electricity demand,' he added. 'We are already off-track on our climate goals, and this would only accelerate tipping points towards worst-case scenarios.'
Electricity use is rising, driven in part by the rapid expansion of power-hungry data centers needed to support the artificial intelligence boom.
The bill's energy provisions include:
Quickly phasing out tax credits for large-scale wind and solar projects, and more slowly removing those for nuclear, geothermal and battery deployments.
Quickly cancelling tax credits for companies making clean hydrogen fuel.
Eliminating tax credits for consumers for installing rooftop solar, electric heat pumps and other energy-saving technologies by the end of the year.
Nixing the $7,500 electric vehicle credit by September in the Senate bill, or the year's end in the House version; removing the commercial clean vehicles credit.
Extending the credit for clean biofuel production.
LevelTen Energy is also in the business of helping corporations, utilities, universities and others provide funding for new clean energy projects on its global platform.
'Right now is a meaningful moment for the clean energy industry,' said Rob Collier, LevelTen's senior vice president of marketplaces, by email. 'As with any major policy shift, developers are reassessing project timelines, costs, and long-term viability. We're seeing increased urgency around projects that remain viable under current rules.'
The Seattle startup launched in 2016, shortly before President Trump started his first term. Collier emphasized that the clean energy transition 'is a long game' and that the company is focused on navigating market change.
Mixed results for batteries
Electric vehicles took multiple hits in the legislation, removing incentives for individuals and companies looking to buy EVs. That, combined with the phasing out of tax credits for big battery installations, threatens to dampen demand for battery materials.
Next-gen battery materials company Group14 Technologies this week laid off an undisclosed number of workers as it's slowing the start of production at a giant facility in Eastern Washington's Moses Lake. The company cited 'shifts in demand and uncertainties in global trade relationships' as the cause.
But battery competitor Sila is moving ahead with the commissioning of its mass-scale plant in Moses Lake and aims to start production by year's end. Sila and Group14 are manufacturing their own unique silicon anode materials for better performance in lithium-ion batteries.
Helena Schwarz, director of government affairs for the company, had an upbeat take on the legislation's impacts, noting that silicon anode materials are used to replace graphite, which is primarily supplied by China.
'The current legislative package aims to reduce reliance on China for battery components and critical minerals by limiting federal support to U.S. production [that is] free of Chinese influence,' Schwarz said by email. 'Sila is well-positioned for success under the legislation.'
Impacts on carbon removal
Innovators in carbon removal — which pulls CO2 from the air or captures it from industrial operations — were glad for measures in the Senate version of the bill that restored incentives helping the nascent sector.
A spokesperson for CarbonQuest, a Spokane, Wash., startup building carbon capture devices, said the Senate's legislation supports a variety of uses for captured carbon, including its use in synthetic fuels that replace oil and gas and trapping it in concrete.
Putting these approaches on par with other carbon sequestration solutions, the spokesperson said, 'will scale green concrete, alternative jet fuel, materials that displace plastic, and other green circular economies.'
The company did have concerns about penalties for supply-chain goods coming from abroad, and the bill's 'drastic rollback of incentives for renewable energy, such as wind and solar.'
'Our hope is that the final bill allows for an all-of-the-above energy policy,' said the CarbonQuest spokesperson, 'and that the rules make the tax credits workable and meaningful.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Barbara Kay: How Islamists hijacked leftist oppression narratives
Barbara Kay: How Islamists hijacked leftist oppression narratives

Yahoo

time33 minutes ago

  • Yahoo

Barbara Kay: How Islamists hijacked leftist oppression narratives

In March 2008, revelations surfaced of past anti-American and antisemitic rhetoric by Barack Obama's longtime pastor and friend Rev. Jeremiah Wright, including Wright's accusation that the U.S.'s own terrorism helped motivate al-Qaida's 9/11 attack. Knowing his political credibility depended on it, Obama abruptly severed ties with Wright. Post-inauguration, Wright blamed 'them Jews' for Obama's continuing frostiness. Seventeen years on, Zohran Mamdani, newly-elected Democratic contender for New York's upcoming mayoralty race, appears to have (correctly) calculated that public allyship with an imam who lionizes Hamas, reviles Jews and Christians, and encourages anti-American pedagogy would not be a political liability in America's most Jewish city. Apart from smartphones spreading an oil slick of disinformation across Gen Z, strongly supportive of Mamdani, what explains such a momentous change in our political culture between the two campaigns? Principally, the symbiotic merger of three already active ideological streams that swelled into an impassable river: multiculturalism (all cultures equally deserving of respect), Islamism (Islamization of the West is inevitable) and intersectionality (all oppressed identity groups must stand together against a common enemy of white imperialism). Islam is a religion, not a race. Nevertheless, the merger allowed the Muslim Brotherhood — Islamism's C-suite in the West — to exploit the ideological overlap to align Islamist claims for oppression with Black Lives Matter, bestowing 'racialized' status on Muslims. The crossover permitted Islamists to promulgate false notions that are widely accepted as true: that 'brown' Palestinians are the world's most oppressed people, that 'white' Israel represents a uniquely evil form of colonialist oppression meriting violent elimination ('Globalize the Intifada') and that Islamophobia — a trope popularized in 1994 by a Runnymede Trust report, but almost invariably associated with the Organization of Islamic Cooperation — is, allegedly, a far greater problem than the actual global scourge of Islamism-driven terrorism. Since then, combatting an alleged 'Islamophobia industry' has been a principal focus of all Muslim Brotherhood-affiliated advocacy groups, as well as some academics and political actors. Their campaign of 'perception management' to ensure a reflexive, society-wide association between Muslims and victimhood has succeeded. I plucked the strikingly apt trope 'perception management' from journalist and Muslim Reformer Asra Nomani's enlightening 2023 book, Woke Army: The Red-Green alliance that is destroying America's freedom. In it, Nomani argues that the partnership between the hard left (red) and Islamism (green) exploits America's freedoms to wage disinformation and propaganda campaigns against critics of political Islam. Politicians and mainstream media learned over the years that it was easier, following news of jihadist violence, to acquiesce to the shibboleth that the 'religion of peace' had been 'hijacked' than to endure accusations of Islamophobia by insisting on more objective terms like 'radical' or 'political' Islam. A former Wall Street Journal reporter, Indian-born Muslim Nomani was a friend and colleague of Daniel Pearl, the WSJ's South Asia bureau chief who was kidnapped and publicly beheaded in 2002 by rabidly Judeophobic al-Qaida operatives. Pearl's gruesome death galvanized Nomani to political activism as a Muslim 'Reformer,' a Muslim who supports an interpretation of Islam that is compatible with human rights, gender equality, religious (or atheist) pluralism and secular governance. Irritated by her criticism, Muslim Brothers' machinations drew Nomani into a world of grief orchestrated by the Council on American-Islamic Relations (CAIR), nominally a 'civil rights' organization but in Nomani's account, 'a front for an extremist form of Islam.' But she persevered, and Woke Army is, therefore, not only an enlightening exposé of the Muslim Brotherhood in America, but the absorbing story of Nomani's personal near-martyrdom and eventual triumph. To silence Nomani, CAIR foot soldiers cooked up a years-long character assassination campaign through 'the deadly underbelly of cyber jihad' — specifically Loonwatch, a GoDaddy website that protected their users' anonymity. Her foes there labelled her a 'Zionist media whore' amongst other slurs, and accused her of being funded by Israel. In 2018, Nomani responded with a defamation suit that halted Loonwatch harassment and permitted her to subpoena internet service providers for the real identities of 48 'John Doe' anonymous stalkers, most of them outed in Woke Army. The 'perception management' campaign found low-hanging fruit in left-leaning political leaders. President Obama, who flinched at Black anti-Americanism and antisemitism, was eager to please on the equally phobic Islamist file. When CAIR issued a statement Nomani described as advocating for 'separating the brutal actions of ISIS from the faith of Islam,' Obama obliged, she writes, with his government agencies giving in to pressure to scrub terms like 'jihadist' and replace them with 'extremist.' Although Nomani's research treats Islamism in the U.S., her themes map neatly onto Canada. Following the Islamism-driven 2013 Boston Marathon bombing, Justin Trudeau, asked to identify the bombing's 'root causes,' reflexively saw, heard, and spoke no Islamist evil, responding: 'there is no question that this happened because of someone who feels completely excluded, someone who feels completely at war with innocence, at war with society.' The Muslim Reform Movement, in which Nomani and Canada's own heroic Raheel Raza play prominent roles, has been stalwart in its resistance to Islamist bullying, but their members are in a David-and-Goliath relationship with what Nomani describes as Muslim Brotherhood's well-funded machine. They get worn down by what Nomani's young son articulated as a 'terrorism of the mind.' It would help if politicians cold-shouldered Muslim Brotherhood-affiliated groups and instead elevated Muslim Reformers' public status, seating them 'above the salt,' so to speak. Active pushback against institutionalized Islamism is in motion in the U.S. But in Canada, alas, 'perception management' rules at the desk where the buck on a threat to our cultural health is supposed to stop. kaybarb@ X: @BarbaraRKay National Post Adam Zivo: With Iran defeated, Israelis look for peace in Gaza Colby Cosh: Mark Carney's unstable environment

Wall Street was expecting a TACO Tuesday. But Dow futures fall 250 points after Trump says he will set tariffs as high as 70%
Wall Street was expecting a TACO Tuesday. But Dow futures fall 250 points after Trump says he will set tariffs as high as 70%

Yahoo

time33 minutes ago

  • Yahoo

Wall Street was expecting a TACO Tuesday. But Dow futures fall 250 points after Trump says he will set tariffs as high as 70%

While U.S. markets were closed for the July 4 holiday, stock futures sank on Friday after President Donald Trump said he will start sending out letters informing countries of what tariffs they will face. The rates, which could reach as high as 70%, would become effective Aug. 1, he added. That comes ahead of the July 9 expiration of a temporary pause on his 'Liberation Day' tariffs. U.S. stock futures tumbled on Friday after President Donald Trump said he will start sending out letters informing countries of what tariffs they will face. On Thursday, he told reporters that about '10 or 12' letters would go out Friday, with additional letters coming 'over the next few days.' The rates would become effective Aug. 1. 'They'll range in value from maybe 60 or 70% tariffs to 10 and 20% tariffs,' Trump added. While U.S. markets were closed for the July 4 holiday, futures tied to the Dow Jones Industrial Average dropped 251 points, or 0.56%. S&P 500 futures were down 0.64%, and Nasdaq futures fell 0.68%. U.S. oil prices slipped 0.75% to $66.50 per barrel, and Brent crude lost 0.41% to $68.52. Gold edged up 0.11% to $3,346.70 per ounce, while the U.S. dollar fell 0.16% against the euro and 0.30% against the yen. The Trump administration has been negotiating with top trade partners since the president put his 'Liberation Day' tariffs on a 90-day pause. That reprieve will expire on Wednesday, July 9. So far, only a few limited trade deals have been announced, and negotiations with other countries were expected to require more time. So as the Wednesday deadline approached, Wall Street was expecting Trump to announce an extension to the tariff pause by Tuesday, reviving the so-called TACO trade that alludes to his history of pulling back from his maximalist threats. 'We suspect that further last-minute concessions will be made to permit extensions for most countries, but a few of the 'worst offenders' may be singled out for punitive treatment,' analysts at Capital Economics predicted earlier this week. 'Markets seem to be positioned for a fairly benign outcome, implying a risk of some near-term turbulence if that fails to materialise.' That assumes Trump won't risk a repeat of the epic April selloff that was triggered by his Liberation Day tariffs, and Capital Economics also warned such an assumption could be complacent. In fact, Trump has been saying for weeks that he prefers to unilaterally set tariffs with each country rather than engage in negotiations with all of them. But amid the absence of any letters, markets downplayed the risk that tariffs could spike again. Still, Trump has kept beating the drum about letters. In an interview that aired on Sunday, he was asked about the tariff pause and the looming deadline. 'I'd rather just send them a letter, very fair letter, saying, 'Congratulations, we're going to allow you to trade in the United States of America. You're gonna pay a 25% tariff or 20% or 40% or 50%,'' Trump replied. 'I would rather do that.' When asked if the pause will not be extended, he said, 'I don't think I'll need to because—I could—there's no big deal.' Trump further clarified his stance on the July 9 deadline, saying, 'I'm gonna send letters. That's the end of the trade deal.' This story was originally featured on Sign in to access your portfolio

Oconomowoc rings in 150 years with celebration that draws thousands: 'An exceptional day'
Oconomowoc rings in 150 years with celebration that draws thousands: 'An exceptional day'

Yahoo

time43 minutes ago

  • Yahoo

Oconomowoc rings in 150 years with celebration that draws thousands: 'An exceptional day'

OCONOMOWOC — Not even a quickly approaching thunderstorm and a canceled music set was going to stop thousands of people from celebrating the City of Oconomowoc's 150th anniversary. After a year of planning, Visit Oconomowoc and the Chamber of Commerce hosted the HOMETown Celebration, marking the city's sesquicentennial year of existence. The weekend of festivities concluded with a downtown party July 5 that featured food trucks, beer tents, street dancing and a main stage with live music. "I feel like I'm at the state fair," said Oconomowoc resident Sue Taylor, who came to get food and listen to country music. Sara Ninmann, chamber director of community events, said people love to come out and party in downtown Oconomowoc where they can support local businesses. She added that putting on the event during the Fourth of July weekend was a challenge, but the city and chamber were happy to do it to celebrate the 150th anniversary. Jeff McCarthy, who serves on the chamber board as past president, has been working with Ninmann for a couple of years to bring these events to life. He said seeing the anniversary celebration come to fruition with a large crowd was rewarding. Ninmann and McCarthy estimated that there were "easily" more than 10,000 attendees throughout the day — including the mayor of Dietzenbach, Oconowomoc's sister city in Germany. Ninmann said the food trucks and beverage tents had to restock more than she expected throughout the day due to the event's popularity. "It just shows you how excited people are about their community," Ninmann said. "They love to come out and be a part of it." While the last of three scheduled music sets was canceled due to inclement weather, Ninmann said the celebration would continue elsewhere. She said downtown Oconomowoc offers a number of small businesses for partiers to duck into and support. "That's the nice thing about down here," Matt Nesser said. "There's plenty of places where you can stop off if it's raining." Matt and his wife Marissa moved to Oconomowoc a decade ago and said they appreciate the tight knit community where everyone is willing to help each other. "Especially the street we live on, all of our neighbors know us, they all come over and help if we need it," Marissa Nesser said. "We love that." The Nessers live within walking distance of the HOMETown Celebration and decided to go out with their two dogs to the event. They said they were excited to check out the food trucks and support their community. Doug Mathison, owner of Say Cheese Curd Company, has been bringing his food truck to events across Wisconsin for 15 years. He called the 150th anniversary celebration an exceptional day for selling food. "Wisconsin is just such a special place," Mathison said. "The people celebrate just about anything." Contact Mia Thurow at mthurow@ This article originally appeared on Milwaukee Journal Sentinel: Oconomowoc rings in 150 years with celebration that draws thousands

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store