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⚡ Breaking: Trump Administration Targets 'Solar for All,' Sparking Legal Firestorm
⚡ Breaking: Trump Administration Targets 'Solar for All,' Sparking Legal Firestorm
The Trump $TRUMP
TRUMP
8.72
-2.35%
administration has ignited a new front in its war on climate policy, moving to terminate "Solar for All," a $7 billion initiative from the Biden era. The program, designed to bring rooftop solar to 900,000 low-income families, is now a central battleground in a broader campaign to dismantle the Inflation Reduction Act (IRA).
Zeldin Calls it a 'Green Slush Fund'
EPA Chief Lee Zeldin is preparing to send termination letters to 60 grantees, branding the program a "green slush fund" and arguing it lacks proper oversight. This move is empowered by the "One Big Beautiful Bill," a new piece of legislation that allows the government to reclaim unspent climate funds. Trump has consistently criticized renewable energy sources as "unreliable," instead championing fossil fuels to "unleash American energy dominance."
A Broader Rollback
This action is part of a sweeping rollback of over 70 Biden-era climate policies, including ending offshore drilling bans and a push to reopen coal production. The administration's focus is on what it calls "cheap, reliable" energy, a stance that has resonated with conservative supporters.
Legal and Political Backlash
The announcement has triggered immediate and strong backlash. Environmental groups, Democratic lawmakers, and even some Republican-led states like Georgia are threatening lawsuits, arguing that the EPA lacks the legal authority to cancel funds that were approved by Congress. The Southern Environmental Law Center has already stated it will "see them in court" if the administration moves forward.
Market Reaction
The news has sent ripples through the energy markets. Solar stocks like $ENPH and $FSLR are under pressure, reflecting investor concerns over the weakening of federal support. Conversely, stocks in the fossil fuel and nuclear sectors, such as $OKLO and $SMR, are seeing a boost, as investors anticipate a more favorable regulatory environment.
What's Next?
With only a fraction of the $7 billion already disbursed, the program's cancellation could happen quickly, unless blocked by court injunctions. The outcome of these legal battles will not only determine the fate of "Solar for All," but also set a precedent for the future of other IRA-funded projects.
The U.S. is now at a crossroads, with one path leading to "fossil-fueled independence" and the other toward "climate-centered reform." The result of this high-stakes showdown will likely shape the global energy landscape for years to come.
#Trump #ClimatePolicy #InflationReductionAc t #FOMCMeeting #TrumpTariffs #trending #BNBATH
The Trump $TRUMP
TRUMP
8.72
-2.35%
administration has ignited a new front in its war on climate policy, moving to terminate "Solar for All," a $7 billion initiative from the Biden era. The program, designed to bring rooftop solar to 900,000 low-income families, is now a central battleground in a broader campaign to dismantle the Inflation Reduction Act (IRA).
Zeldin Calls it a 'Green Slush Fund'
EPA Chief Lee Zeldin is preparing to send termination letters to 60 grantees, branding the program a "green slush fund" and arguing it lacks proper oversight. This move is empowered by the "One Big Beautiful Bill," a new piece of legislation that allows the government to reclaim unspent climate funds. Trump has consistently criticized renewable energy sources as "unreliable," instead championing fossil fuels to "unleash American energy dominance."
A Broader Rollback
This action is part of a sweeping rollback of over 70 Biden-era climate policies, including ending offshore drilling bans and a push to reopen coal production. The administration's focus is on what it calls "cheap, reliable" energy, a stance that has resonated with conservative supporters.
Legal and Political Backlash
The announcement has triggered immediate and strong backlash. Environmental groups, Democratic lawmakers, and even some Republican-led states like Georgia are threatening lawsuits, arguing that the EPA lacks the legal authority to cancel funds that were approved by Congress. The Southern Environmental Law Center has already stated it will "see them in court" if the administration moves forward.
Market Reaction
The news has sent ripples through the energy markets. Solar stocks like $ENPH and $FSLR are under pressure, reflecting investor concerns over the weakening of federal support. Conversely, stocks in the fossil fuel and nuclear sectors, such as $OKLO and $SMR, are seeing a boost, as investors anticipate a more favorable regulatory environment.
What's Next?
With only a fraction of the $7 billion already disbursed, the program's cancellation could happen quickly, unless blocked by court injunctions. The outcome of these legal battles will not only determine the fate of "Solar for All," but also set a precedent for the future of other IRA-funded projects.
The U.S. is now at a crossroads, with one path leading to "fossil-fueled independence" and the other toward "climate-centered reform." The result of this high-stakes showdown will likely shape the global energy landscape for years to come.
#Trump #ClimatePolicy #InflationReductionAc t #FOMCMeeting #TrumpTariffs #trending #BNBATH
⚡ Trump Moves to Kill $7B Solar Program, Targeting Biden’s Climate Legacy
The Trump administration is preparing to cancel “Solar for All” — a $7B clean energy initiative launched under Biden to help 900,000 low-income households install rooftop solar. Funded by the Inflation Reduction Act, the program aims to cut electricity bills and emissions. But only $53M has been spent so far.
EPA chief Lee Zeldin plans to send termination letters to 60 grantees, calling the initiative a “green slush fund” lacking oversight. The move is backed by the new One Big Beautiful Bill, which enables the reclaiming of unspent climate funds. Trump has criticized solar and wind as “unreliable,” pushing instead for fossil fuels to “unleash American energy.”
This step is part of a broader rollback of over 70 Biden-era climate policies, including ending offshore drilling bans and reopening coal production.
📉 The announcement sparked strong backlash. Environmental groups, Democratic lawmakers, and even some red states like Georgia warn that the EPA has no legal authority to cancel funds approved by Congress — and lawsuits are expected.
Supporters of the repeal, mostly conservatives, argue that taxpayer money should prioritize “cheap, reliable” energy, not “woke green subsidies.”
📊 Market impact: Solar stocks ($ENPH, $FSLR) face pressure as government support weakens. In contrast, fossil fuel and nuclear-related stocks ($OKLO, $SMR) are rising on hopes of fast-tracked projects.
🔮 With most funds unused, the cancellation could proceed quickly — unless blocked by court injunctions. If successful, the U.S. may slow its energy transition and weaken its global climate credibility. If lawsuits prevail, the program could be restored — though legal uncertainty may still deter investment.
⚖️ The U.S. is now split between fossil-fueled independence and climate-centered reform — and the outcome could shape the global energy landscape for years.
#Trump #SolarForAll #ClimatePolicy
The Trump administration is preparing to cancel “Solar for All” — a $7B clean energy initiative launched under Biden to help 900,000 low-income households install rooftop solar. Funded by the Inflation Reduction Act, the program aims to cut electricity bills and emissions. But only $53M has been spent so far.
EPA chief Lee Zeldin plans to send termination letters to 60 grantees, calling the initiative a “green slush fund” lacking oversight. The move is backed by the new One Big Beautiful Bill, which enables the reclaiming of unspent climate funds. Trump has criticized solar and wind as “unreliable,” pushing instead for fossil fuels to “unleash American energy.”
This step is part of a broader rollback of over 70 Biden-era climate policies, including ending offshore drilling bans and reopening coal production.
📉 The announcement sparked strong backlash. Environmental groups, Democratic lawmakers, and even some red states like Georgia warn that the EPA has no legal authority to cancel funds approved by Congress — and lawsuits are expected.
Supporters of the repeal, mostly conservatives, argue that taxpayer money should prioritize “cheap, reliable” energy, not “woke green subsidies.”
📊 Market impact: Solar stocks ($ENPH, $FSLR) face pressure as government support weakens. In contrast, fossil fuel and nuclear-related stocks ($OKLO, $SMR) are rising on hopes of fast-tracked projects.
🔮 With most funds unused, the cancellation could proceed quickly — unless blocked by court injunctions. If successful, the U.S. may slow its energy transition and weaken its global climate credibility. If lawsuits prevail, the program could be restored — though legal uncertainty may still deter investment.
⚖️ The U.S. is now split between fossil-fueled independence and climate-centered reform — and the outcome could shape the global energy landscape for years.
#Trump #SolarForAll #ClimatePolicy
Trump Moves to Kill $7B Solar Program, Targeting Biden’s Climate Legacy
The Trump administration is preparing to cancel “Solar for All” — a $7B clean energy initiative launched under Biden to help 900,000 low-income households install rooftop solar. Funded by the Inflation Reduction Act, the program aims to cut electricity bills and emissions. But only $53M has been spent so far.
EPA chief Lee Zeldin plans to send termination letters to 60 grantees, calling the initiative a “green slush fund” lacking oversight. The move is backed by the new One Big Beautiful Bill, which enables the reclaiming of unspent climate funds. Trump has criticized solar and wind as “unreliable,” pushing instead for fossil fuels to “unleash American energy.”
This step is part of a broader rollback of over 70 Biden-era climate policies, including ending offshore drilling bans and reopening coal production.
📉 The announcement sparked strong backlash. Environmental groups, Democratic lawmakers, and even some red states like Georgia warn that the EPA has no legal authority to cancel funds approved by Congress — and lawsuits are expected.
Supporters of the repeal, mostly conservatives, argue that taxpayer money should prioritize “cheap, reliable” energy, not “woke green subsidies.”
📊 Market impact: Solar stocks ($ENPH, $FSLR) face pressure as government support weakens. In contrast, fossil fuel and nuclear-related stocks ($OKLO, $SMR) are rising on hopes of fast-tracked projects.
🔮 With most funds unused, the cancellation could proceed quickly — unless blocked by court injunctions. If successful, the U.S. may slow its energy transition and weaken its global climate credibility. If lawsuits prevail, the program could be restored — though legal uncertainty may still deter investment.
⚖️ The U.S. is now split between fossil-fueled independence and climate-centered reform — and the outcome could shape the global energy landscape for years.
#Trump #SolarForAll #ClimatePolicy
The Trump administration is preparing to cancel “Solar for All” — a $7B clean energy initiative launched under Biden to help 900,000 low-income households install rooftop solar. Funded by the Inflation Reduction Act, the program aims to cut electricity bills and emissions. But only $53M has been spent so far.
EPA chief Lee Zeldin plans to send termination letters to 60 grantees, calling the initiative a “green slush fund” lacking oversight. The move is backed by the new One Big Beautiful Bill, which enables the reclaiming of unspent climate funds. Trump has criticized solar and wind as “unreliable,” pushing instead for fossil fuels to “unleash American energy.”
This step is part of a broader rollback of over 70 Biden-era climate policies, including ending offshore drilling bans and reopening coal production.
📉 The announcement sparked strong backlash. Environmental groups, Democratic lawmakers, and even some red states like Georgia warn that the EPA has no legal authority to cancel funds approved by Congress — and lawsuits are expected.
Supporters of the repeal, mostly conservatives, argue that taxpayer money should prioritize “cheap, reliable” energy, not “woke green subsidies.”
📊 Market impact: Solar stocks ($ENPH, $FSLR) face pressure as government support weakens. In contrast, fossil fuel and nuclear-related stocks ($OKLO, $SMR) are rising on hopes of fast-tracked projects.
🔮 With most funds unused, the cancellation could proceed quickly — unless blocked by court injunctions. If successful, the U.S. may slow its energy transition and weaken its global climate credibility. If lawsuits prevail, the program could be restored — though legal uncertainty may still deter investment.
⚖️ The U.S. is now split between fossil-fueled independence and climate-centered reform — and the outcome could shape the global energy landscape for years.
#Trump #SolarForAll #ClimatePolicy
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