Economy & Business

"Despite Protests, Elon Musk Secures Air Permit for xAI"

"xAI’s gas turbines get official approval from Memphis, Tennessee, even as civil rights groups prepare to sue over alleged Clean Air Act violations."

Source: WIRED, 07/03/2025
July 15, 2025

UT Austin Energy Institute Webinar: Clean Electricity Revolutionizing the Industrial Sector

The University of Texas at Austin’s McKetta Department of Chemical Engineering Professor and Electrified Processes for Industrial eXCellence Institute CTO Michael Baldea will share how the institute’s research is working to revolutionize the U.S. industrial sector using clean electricity with cost-effective, high-impact solutions. 1 pm ET.

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Senate GOP Removes Tax On Solar And Wind But Dismantles Dem Climate Law

"The sprawling Republican budget bill approved by the Senate Tuesday removes a proposed tax on solar and wind energy projects but quickly phases out tax credits for wind, solar and other renewable energy."

Source: AP, 07/02/2025
August 1, 2025

DEADLINE: EJN Virtual Training for Journalists Reporting on Business and Climate Change

Internews' Earth Journalism Network is hosting a virtual media workshop in late Aug for business and finance journalists in Bangladesh, India, Indonesia and Thailand seeking to strengthen their climate-focused reporting on Asia’s business sector. Story grants available. Apply by Aug 1.

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"Republicans Propose a New Way to Scrap Fuel Economy Rules: No Fines"

"For 50 years, automakers have had to increase the fuel efficiency of their vehicles or pay fines. The Republican megabill would set those penalties to $0." 

Source: NYTimes, 07/01/2025

He Lobbied For Offshore Drillers. Now He Runs The Agency That Regulates Them.

"As BOEM’s new principal deputy director, former lobbyist Matt Giacona is shaping Gulf of Mexico oil policy and facilitating industry access. Ethics experts sound the alarm."

Source: Public Domain, 07/01/2025

"Nancy Mace Privately Asks Trump Aides To Unfreeze Mercedes EV Funds"

"Rep. Nancy Mace (R-South Carolina) privately asked the Trump administration on Tuesday to release funding for a Mercedes-Benz plant to convert to the production of electric vehicles, according to a letter obtained by The Washington Post." "The program, set up through President Joe Biden’s climate law, would benefit a Mercedes-Benz plant in South Carolina."

Source: Washington Post, 06/30/2025

"Surprise Tax in G.O.P. Bill Could Cripple Wind and Solar Power"

"Senate Republicans have quietly inserted provisions in President Trump’s domestic policy bill that would not only end federal support for wind and solar energy but would impose an entirely new tax on future projects, a move that industry groups say could devastate the renewable power industry."

Source: NYTimes, 06/30/2025

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