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…

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