President Trump’s One Big Beautiful Bill Act – assuming the version #Senate Republicans passed on Tuesday becomes law–would cut the legs out from under the renewable #energy industry. The biggest hit: The bill would quickly phase out federal tax credits that have for years enabled wind and solar developers to offset 30% or more of project costs. Yes, it could have been even worse. At the last minute, the Senate’s Republican leadership ditched a proposed excise tax on wind and #solar projects using Chinese components which could have added 20% to the cost of many projects. But it left in a fast phase-out of the tax credits. Moreover, there are lots of other anti-green, pro-fossil fuel bullets the industry didn’t dodge. The bill would open more federal lands to oil and gas leasing at lower royalty rates; end tax credits and other subsidies for electric vehicles; and refill the Strategic Petroleum Reserve. There’s also a new tax break to incentivize mining metallurgical coal, now to be ...