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Trump’s Climate Subsidy Cuts Face Red-State Rebellion

OilPrice · Irina Slav · last updated
One of President Trump’s top priorities when he took office was to remove generous subsidies for things like wind and solar power that, critics have argued, are a drain on federal coffers. The panic that this intention caused in transition industries suggested it would be an easy job. It’s not. A lot of the subsidy billions have gone into Republican-led states. The warnings have been coming in for months. A lot of the companies that have taken advantage of IRA funds for energy transition projects have done so in red states. Toyota,…