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Energy Stocks Surge Amid Clean Energy Subsidy Extension

7/4/2025

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Summary

Story summary

European energy stocks rose sharply after the Senate extended clean energy subsidies until 2030.
The European Commission aims for a 90% emissions reduction by 2040 to achieve net-zero by 2050.
Swiss company Climeworks raised $162 million for carbon capture initiatives, bringing total funding to over $1 billion.
NOAA's proposed $1.5 billion budget cut could jeopardize over 2,200 jobs and vital climate programs in the U.S.

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Story summary

European energy stocks rose sharply after the Senate extended clean energy subsidies until 2030.
The European Commission aims for a 90% emissions reduction by 2040 to achieve net-zero by 2050.
Swiss company Climeworks raised $162 million for carbon capture initiatives, bringing total funding to over $1 billion.
NOAA's proposed $1.5 billion budget cut could jeopardize over 2,200 jobs and vital climate programs in the U.S.