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People in Business: June 9, 2025

Senate GOP bill spares nuclear and geothermal energy while hammering wind and solar

The Senate Finance Committee's language would take a sledgehammer to some parts of the renewable-friendly Inflation Reduction Act while sparing others.
The Senate GOP bill, as reported by MSN, aims to modify the definition of "green energy" under the Inflation Reduction Act, specifically excluding wind and solar power while continuing to classify nuclear and geothermal energy as green. This legislative move is part of a broader strategy to challenge the Biden administration's climate policies, particularly those incentivizing renewable energy sources. The bill reflects ongoing debates about the role of different energy sources in achieving environmental goals, with Republicans arguing that the current definitions unfairly favor certain technologies over others that they believe are equally or more effective in reducing carbon emissions.

Read the Full TechCrunch Article at:
[ https://www.msn.com/en-us/money/markets/senate-gop-bill-spares-nuclear-and-geothermal-energy-while-hammering-wind-and-solar/ar-AA1GT5tL ]