Government Energy Policy, Business and Technology

Tax Bill Impact: What Happens to Renewable Energy?

Inside Climate News: The Senate voted early Saturday to approve a major overhaul of the U.S. tax code that critics say would decimate clean energy investments while continuing to hand out tax breaks to the oil and gas industries.

The sweeping tax system overhaul bill—which represents the biggest corporate tax cut in the country's history and would reach into many areas of American lives—also contains language that would open the door for oil and gas companies to drill in the Arctic National Wildlife Refuge.

While the Senate proposal preserves tax credits that have spurred huge growth in the wind and solar industries, it contains an obscure provision that could undercut investment in renewables.

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