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The Senate Just Put Clean Energy for AI in the Crosshairs
President Donald Trump’s budget would kill off tax credits for wind and solar, raising costs for new clean energy projects and blowing up valuable investment in those already in the pipeline.
Elon Musk, whose businesses have benefited from a variety of climate and clean energy-related tax credits, posted a barrage of tweets Sunday and Monday disparaging the renewable energy provisions of the bill. “I HATE “GREEN TAX CREDITS” IN THE GREAT, BIG, BEAUTIFUL BILL,” Trump posted on TruthSocial in late June, launching into a paragraph-long, error-ridden rant on renewable energy. All that new solar and storage has, in turn, helped the grid stay stable during peak use, lowering the risk of blackouts during the first heatwaves of the summer—even as Texas faces never-before-seen summer demand this year, thanks to hot temperatures and the addition of energy-thirsty data centers.
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