Trump megabill gives the oil industry everything it wants and ends key support for solar and wind
CNBC: Energy
JULY 3, 2025
The law also slashes the royalties that producers pay the government for pumping oil and gas on federal lands, encouraging higher output. "If nothing changes, factories start to close," Michael Carr, executive director of the Solar Energy Manufacturers Association, told CNBC. That gave all solar and wind projects just 2.5
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