Last-minute changes to Trump's 'big, beautiful bill' stun clean energy industry (and Elon Musk) [View all]

Source: Yahoo! Finance

Last-minute changes to Trump's 'big, beautiful bill' stun clean energy industry (and Elon Musk)


Ben Werschkul · Washington Correspondent
Mon, June 30, 2025 at 8:44 AM EDT 6 min read

The Senate is making a final push to advance President Trump's signature legislation with a flurry of last-minute changes that stunned Elon Musk and the already besieged clean energy industry while offering new support for fossil fuels.

The controversy surrounding the bill's energy approach is just one front in a frenzied final push. The price tag has received plenty of additional attention after a new weekend tally found that the bill has grown by nearly $1 trillion since the Senate took it up.

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The energy provisions of the 900-plus page bill have come under particular scrutiny after last-minute changes phased out clean energy tax credits faster than expected and added new taxes on wind and solar projects.

At the same time, new last-minute inducements were unveiled for fossil fuels, including one classifying coal as a critical mineral when it comes to a government manufacturing credit.

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Read more: https://finance.yahoo.com/news/last-minute-changes-to-trumps-big-beautiful-bill-stun-clean-energy-industry-and-elon-musk-124435832.html