(C) Common Dreams
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Trump megabill gives the oil industry everything it wants and ends key support for solar and wind [1]

['Spencer Kimball']

Date: 2025-07-03

President Donald Trump's One Big Beautiful Bill Act ends long-standing federal support for solar and wind power, while creating a friendly environment for oil, gas and coal production.

The House of Representatives passed Trump's megabill Thursday ahead of a White House-imposed deadline, after the Senate narrowly approved the controversial legislation Tuesday.

Trump has made his priorities on energy production clear. The U.S. will rely on oil, gas, coal and nuclear to meet its growing energy needs, the president said last weekend, bashing wind and solar power.

"I don't want windmills destroying our place," Trump told Fox News in an interview that aired June 29. "I don't want these solar things where they go for miles and they cover up a half a mountain that are ugly as hell."

The president's embrace of fossil fuels and hostility to renewable energy is reflected in his signature domestic policy law. It delivers most of the oil and gas sector's top priorities, according to the industry's lobby group, while ending tax credits that have played a crucial role in the growth of solar and wind power.

Oil, gas and coal are winners

The law opens up federal lands and waters to oil and gas drilling after the Biden administration enacted curbs, mandating 30 lease sales in the Gulf of Mexico over 15 years, more than 30 every year on lands across nine states and giving the industry access to Alaska.

The law also slashes the royalties that producers pay the government for pumping oil and gas on federal lands, encouraging higher output.

"This bill will be the most transformational legislation that we've seen in decades in terms of access to both federal lands and federal waters," Mike Sommers, president of the American Petroleum Institute, n industry lobbying group, told CNBC. "It includes almost all of our priorities."

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[1] Url: https://www.cnbc.com/2025/07/03/trump-one-big-beautiful-bill-oil-gas-coal-solar-wind-ira-tax-incentive-repeal.html

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