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Time of India
06-07-2025
- Business
- Time of India
Trump energy bill cuts clean power funding and puts Canadian jobs at risk
US President Donald Trump signed the 'One Big Beautiful Bill Act' into law on Friday(July 4), delivering sweeping tax cuts and energy reforms that could derail North America's clean energy goals and deal a blow to Canadian jobs , investment, and climate plans. The legislation, more than 800 pages long, eliminates key clean energy subsidies introduced during Joe Biden 's presidency, including tax credits for home solar, heat pumps, and battery storage. It also scraps electric vehicle (EV) rebates of up to US$7,500 for new and US$4,000 for used vehicles starting October 1. Why it matters to Canada Much of Canada's EV manufacturing, mining, and battery production was built on the promise of North American integration, a shared supply chain supported by Biden-era climate incentives. The rollback of those supports could now stall projects and push companies to reconsider investments. 'This interrupts whatever delicate momentum we had toward stronger climate policy and a clean energy transition,' said George Hoberg, a climate policy professor at the University of British Columbia. Live Events Major wind and solar projects in the US that once had up to a decade to qualify for tax credits must now be operational by the end of 2027. Projects that haven't started construction within the next year may lose federal backing. This could impact over 28 gigawatts of planned projects, according to Atlas Public Policy. Canada's clean energy workers are watching closely. The Laborers' International Union of North America (LIUNA), which represents workers in both countries, warned the bill could destroy jobs. 'These solar and wind projects weren't abstract policy ideas,' said LIUNA general president Brent Booker. 'They were real job opportunities for real people.' Oil and gas get a boost While clean energy takes a hit, fossil fuels get a boost. Trump's bill expands offshore drilling leases and adds tax incentives for oil, gas, and coal companies. The American Petroleum Institute called it 'a win for American-made energy.' Canadian Prime Minister Mark Carney is pursuing his own energy agenda, including carbon capture projects and a zero-emission vehicle mandate. But experts say Trump's bill makes that harder. 'It doesn't make it impossible,' Hoberg said. 'But it increases the cost and political resistance.' Canada may still benefit Experts say US uncertainty could push clean tech companies north, especially those looking for hydropower and a stable climate policy. But Canada must act fast. Trade experts are urging Ottawa to offer investment incentives or waive tariffs on US parts to stay competitive.
New York Post
22-04-2025
- Business
- New York Post
NY's hard hat Laborers' Union with 40K members backs Andrew Cuomo for NYC mayor
Andrew Cuomo has picked up another key hard hat endorsement Tuesday in the race for New York City mayor, winning the backing of the Laborers' International Union. The New York affiliate of the Laborers Union represents 40,000 members in New York State, which further cements the former governor's support within the construction trades. The union backed Cuomo's rival in the June Democratic primary, former city Comptroller Scott Stringer, in the 2021 mayor's race. 3 The Laborers' International Union endorsed former Gov. Andrew Cuomo for mayor of New York City. Kevin C. Downs for The New York Post 'New York City is the cultural, economic, and social engine of the world—and leading it requires vision, grit, and proven experience,' said Donato Bianco, Jr., LIUNA vice president. 'In times of change, we need someone who can anticipate challenges, make tough decisions, and adapt with courage and conviction. Andrew Cuomo has done it before, and he's ready to do it again,' Bianco said. 'With a deep love for this city, a record of real results for working men and women, and the strength to lead in uncertain times, Andrew Cuomo is the clear choice for Mayor. He has earned our full endorsement.' The union cited Cuomo's record of building and infrastructure improvements during his 10 years as governor, particularly noting the completion of the first leg of the Second Avenue subway line, the Moynihan Train Hall at Penn Station and makeovers of LaGuardia and John F. Kennedy airports. The Laborers build and repair highways and roads, bridges and office towers, schools, airports; dig tunnels and lay subway and sewer lines, as well as removing asbestos and other hazards. Cuomo welcomed the latest endorsement from the labor movement. 3 LIUNA vice president Donato Bianco, Jr. touted Cuomo's 'record of real results for working men and women' in the endorsement. Gina M Randazzo/ZUMA Press Wire / 'The Laborers are the definition of 'New York Tough' – they bring true grit to the job and they do their job well. Whether it is rebuilding our subways, digging through tunnels, repairing our roads or constructing our bridges, their contributions show why organized labor must be part of the solution,' Cuomo said. 'As governor, I made sure they received a hard day's pay for a hard day's work, and as mayor I'll make sure their voice is heard on projects that get the job done for this great city.' Cuomo, 67, has emerged as the frontrunner in the Democratic primary for mayor according to polls, despite resigning as governor in 2021 amid a slew of sexual misconduct accusations that he denies. 3 LIUNA has 40,000 members in New York state. David McGlynn He has racked up the most labor union endorsements, despite facing a torrent of criticism from his mayoral rivals and others over the harassment accusations and his handling of the COVID-19 pandemic in nursing homes. House Republicans just urged the Trump Justice Department to prosecute Cuomo for making 'criminally false statements' to Congress regarding his role in low-balling COVID-linked deaths of nursing home residents during the pandemic. He dismissed the referral as a partisan hit job. The ex-governor previously secured the backing of the Iron Workers and unions representing operating engineers, carpenters and painters; Local 32BJ SEIU, the Hotel and Gaming Trades Council, the unions representing paramedics and EMTS and Teamsters Local 237.
