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Energy & Environment Energy & Environment <!– The Big Story  Senate passes GOP policy bill with energy changes The Senate on Tuesday passed its version of Trump's “big, beautiful bill” — but the chamber dropped its proposed excise tax on solar and wind. © Greg Nash Vice President Vance cast the tiebreaking vote to approve the One Big, Beautiful Bill Act.   GOP Sens. Thom Tillis (N.C.), Rand Paul (Ky.) and Susan Collins (Maine) voted against the measure, along with every Democrat.   The text released on Tuesday has major changes compared to prior drafts   It drops an excise tax that would have impacted future solar and wind projects if some of their components come from China.  The excise tax had been a last-minute addition to the bill and was made public over the weekend. Many in the industry had warned it could kill future projects.   It also says that projects need to be producing electricity by 2028 to get the credit. However, it also contains a new safe harbor that allows solar or wind projects that begin construction in the next year to get the full value of the credit — regardless of when they begin producing electricity.   Read more about the bill's passage here, from The Hill's Alexander Bolton and read more about its energy provision here, from Rachel. Welcome to The Hill’s Energy & Environment newsletter, I'm Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads  How policy will affect the energy and environment sectors now and in the future: Trump administration wants to axe all of NOAA’s climate research The Trump administration wants to zero out climate research at the National Oceanic and Atmospheric Administration (NOAA), according to a newly released budget document.   Full Story House conservatives threaten floor revolt over Trump megabill A handful of hard-line House conservatives are threatening to tank a Wednesday procedural vote for the party’s reconciliation bill, a revolt that would bring the lower chamber to a screeching halt and potentially derail GOP leadership’s plan of clearing the legislation by July 4.  Full Story GOP megabill includes subsidy for coal used to make steel As Republicans try to pare down tax subsidies for renewable energy in their massive reconciliation package, they’re also giving an incentive for another energy source: coal that’s used to make steel  Full Story Heat dome passes, but climate-fueled waves aren’t going anywhere Climate change is making heat waves like the one that lingered over much of the U.S. last week more frequent and intense.  Full Story What We're Reading  News we've flagged from other outlets touching on energy issues, the environment and other topics: An Offhand Remark About Gold Bars, Secretly Recorded, Upended His Life (The New York Times) N.C. Has Allowed a Likely Carcinogen Into Three Rivers Serving 900,000 People (Inside Climate News) To fight Trump's funding freezes, states propose a new gambit: Withholding federal payments (NBC News) What Others are Reading  Two key stories on The Hill right now: House conservatives threaten floor revolt over Trump megabill A handful of hard-line House conservatives are threatening to tank a Wednesday procedural vote for the party’s reconciliation bill, a revolt that would bring the lower chamber to a screeching halt and potentially derail GOP leadership’s plan of clearing the legislation by July 4. Read more What made the cut in Senate’s nearly 1,000-page policy megabill? Senate Republicans on Tuesday jammed through a major package advancing President Trump’s tax priorities, paid for by a host of cuts to the social safety net, including Medicaid and food assistance. The bill also slashes green energy and includes changes to student loan programs. Read more   You're all caught up. See you tomorrow!  Close The latest in politics and policy. Direct to your inbox. Sign up for the Energy and Environment newsletter Subscribe if ( window.checkSizeClasses && window.checkSizeClasses instanceof Function) { window.checkSizeClasses(); } Source link Related Articles Defense Department halting some missiles and munitions to Ukraine House Democrat slams Fetterman for 'beach' remark New developments as Israel-Iran ceasefire hits a week Nate Silver: Mamdani could be vulnerable in general election 'in theory' ↑ Exit mobile version