Latest Energy subsidies News

Biden signs massive climate and health care legislation

Aug. 16, 2022 17:50 PM EDT

WASHINGTON (AP) — President Joe Biden signed Democrats’ landmark climate change and health care bill into law on Tuesday, delivering what he has called the “final piece” of his pared-down domestic agenda, as he aims to boost his party’s standing with voters less than three months before...

Missouri halts solar tax break as federal incentives expand

Aug. 16, 2022 17:15 PM EDT

JEFFERSON CITY, Mo. (AP) — As the U.S. government expands incentives for renewable energy, a decision by the Missouri Supreme Court is moving the state in the opposite direction by halting a solar energy tax break that has been on the books for nearly a decade. Legislation signed...

What's in big Biden bill? Health, climate goals become law

Aug. 16, 2022 16:45 PM EDT

WASHINGTON (AP) — President Joe Biden arrived at the White House promising to “build back” America, and legislation he signed Tuesday delivers a slimmer, though not insignificant, version of that once sweeping idea. Approved by the divided Congress, the bill brings the biggest...

Inflation Reduction Act may have little impact on inflation

Aug. 16, 2022 16:11 PM EDT

WASHINGTON (AP) — With inflation raging near its highest level in four decades, President Joe Biden on Tuesday signed into law his landmark Inflation Reduction Act. Its title raises a tantalizing question: Will the measure actually tame the price spikes that have inflicted hardships on American...

Indonesian leader calls for unity, braces for global crises

Aug. 16, 2022 06:57 AM EDT

JAKARTA, Indonesia (AP) — Indonesia’s president called on all citizens to remain united, vigilant and alert as they face crises fueled by the war in Ukraine and coronavirus pandemic in his State of the Nation address Tuesday. After two years of remote meetings amid pandemic...

Climate bill: Could coal communities shift to nuclear?

Aug. 13, 2022 13:20 PM EDT

PROVIDENCE, R.I. (AP) — A major economic bill headed to the president has “game-changing” incentives for the nuclear energy industry, experts say, and those tax credits are even more substantial if a facility is sited in a community where a coal plant is closing. The...

In Biden's big bill: Climate, health care, deficit reduction

Aug. 12, 2022 19:27 PM EDT

WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for Medicare recipients. A new corporate minimum tax to ensure big businesses pay their share. And billions left over to pay down federal...

Senate climate bill has West Virginia written all over it

Aug. 12, 2022 13:08 PM EDT

CHARLESTON, W.Va. (AP) — The sprawling economic package passed by the U.S. Senate this week has a certain West Virginia flavor. The package, passed with no Republican votes, could be read largely as an effort to help West Virginia look to the future without turning away entirely...

Sweeping climate bill pushes American energy to go green

Aug. 11, 2022 20:37 PM EDT

WASHINGTON (AP) — After decades of inaction in the face of escalating natural disasters and sustained global warming, Congress hopes to make clean energy so cheap in all aspects of life that it’s nearly irresistible. The House is poised to pass a transformative bill Friday that would provide...

Politicians, energy experts, advocates on climate bill

Aug. 11, 2022 15:23 PM EDT

Congress is expected on Friday to pass a major bill that includes close to $375 billion in spending related to fighting climate change. The bill, called the Inflation Reduction Act, will infuse cash, subsidies and tax breaks into various sectors of the economy, all aimed at making green energy much...