Published by Todd Bush on June 13, 2025
The U.S. Senate should make changes to House budget reconciliation bill provisions that phase out clean-energy tax credits, including easing start-date requirements, said Republican Senator John Curtis of Utah on Tuesday.
Curtis, one of a handful of Senate Republicans who have said they want to preserve some of the clean-energy tax credits in the Senate's version of the budget bill, said changes are needed to protect investors and jobs from major disruption.
"Let's just be thoughtful in how we phase them out. Let's not destroy careers and things like that. Let's give people a chance to adjust," he said at the Politico Energy Summit.
>> In Other News: Singleton Birch, MLC and Centrica Reach Funding Milestone for Producing Low-Carbon Lime Using Hydrogen USA - English
The House bill aimed to weaken clean-energy tax credits enshrined in the 2022 Inflation Reduction Act by abruptly terminating several credits just 60 days after enactment for projects that have not yet begun construction, making most projects unfeasible.
Curtis said if a project has to start and be completed so quickly, any number of small snags would throw off the timeline and make the project ineligible for the full tax credit, which increases risks for investors and bank lenders.
Curtis said each of the tax provisions should "be evaluated in a vacuum" and preserved in the Senate version of the bill if it brings revenue to the Treasury and supports Republican-favored technologies like nuclear and geothermal energy.
Last week, despite supporting the House bill, 13 House Republicans wrote a letter to Senate Majority Leader John Thune asking him to address their concerns about provisions that undermine clean-energy development, including the timeline, restrictions on foreign ownership and limits on "transferability" of tax credits that enabled developers to sell their tax credits and use the funds to finance project construction.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💰 Gevo Sells Carbon Credits from North Dakota Asset ⚡ US Companies CPS Energy, Modern Hydrogen Agree to Work on Clean Power Generation Project ✈️ ESAF Takes Flight: Power-to-Liqu...
Inside This Issue 💰 Gevo Transforms Carbon Waste Into Market Gold 🛫 CADO and 4AIR Harmonize SAF Registries for Commercial and Business Aviation 🌊 Vortex Energy Receives Government Approval for Amb...
Inside This Issue 🌎 US Carbon Capture Race: $77B Industry Shifts Global Balance 🛠️ NETL Releases Tool To Calculate Costs of Geologic Carbon Storage Projects in the Gulf of America ✈️ Avia Solution...
The studies aim, among other things, to estimate the direct and indirect economic effects of the investment in terms of employment, income, added value, and social well-being; identify regional de...
Verde's Carbon-Sequestering BioAsphalt™ Earns Early Validation from NCAT
ST. LOUIS, July 28, 2025 /PRNewswire/ -- Verde Resources Inc. (OTCQB: VRDR), an emerging leader in sustainable infrastructure solutions, and the National Center for Asphalt Technology (NCAT) are pl...
Gevo Sells Carbon Credits from North Dakota Asset
High-integrity carbon removal credits will be used to support buyer’s decarbonization and to mitigate corporate travel emissions ENGLEWOOD, Colo. -- Gevo, Inc. (NASDAQ: GEVO) is pleased to announc...
CADO and 4AIR Harmonize SAF Registries for Commercial and Business Aviation
MONTREAL /PRNewswire/ -- The Civil Aviation Decarbonization Organization (CADO) and 4AIR announced a strategic collaboration between their respective Sustainable Aviation Fuel (SAF) registries. The...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.