Back to today’s briefing

Story perspectives

Trump's OBBB Act Cuts Clean Energy, Boosts Fossil Fuels

7/20/2025

48 6

Summary

Story summary

On July Fourth, President Trump enacted the OBBB Act, a controversial move that slashes tax credits for clean energy while boosting support for fossil fuels. Experts caution that this shift could stifle innovation and weaken the U.S. position against China, jeopardizing its leadership in the global energy landscape.

1 of 1

Story summary

On July Fourth, President Trump enacted the OBBB Act, a controversial move that slashes tax credits for clean energy while boosting support for fossil fuels. Experts caution that this shift could stifle innovation and weaken the U.S. position against China, jeopardizing its leadership in the global energy landscape.