Fossil-fuel friendly tax plan spares oil, not solar, wind or Tesla

THE FIRST ITERATION OF A TAX overhaul bill in the House of Representatives proposed reducing and cutting tax breaks for renewable energy companies. / BLOOMBERG FILE PHOTO/KEN JAMES
THE FIRST ITERATION OF A TAX overhaul bill in the House of Representatives would affect renewable energy's ability to attract financing. / BLOOMBERG FILE PHOTO/KEN JAMES
NEW YORK - The tax overhaul proposed in the U.S. House looks like a better bet for oil and natural gas companies than solar developers or electric car buyers, keeping with President Donald Trump’s decidedly fossil-fuel friendly views. The proposal, unveiled Thursday, slashes tax rates almost in half for most corporations, and expands the ability of…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -