Also, there were four different scorers on the night — just like against City.
Georgia and Tennessee are particularly at risk because they are highly invested in EV and battery production, said Marilyn Brown, an energy policy professor at the Georgia Institute of Technology who was not involved in the analysis.“If all of a sudden these tax credits are removed, I’m not sure how these ongoing projects are going to continue,” said Fengqi You, an engineering professor at Cornell University who also was not involved.
A handful of Republican lawmakers have urged the continuation of energy tax credits, with some saying in an April letter to Senate Majority Leader John Thune, R-S.D. that a repeal could disrupt the American people and weaken the county’s position as a global energy leader.The Trump administration has sought to dismantle much of Biden’s environmental and climate-related policy — what he calls the Democrats’ “green new scam” —, rolling back countless
and more in an effort to“American energy dominance” agenda.
Meanwhile other countries are proceeding with green investments. The European Parliament is committing to the European Union Carbon Border Adjustment Mechanism, a policy meant to prevent “carbon leakage,” or companies moving production to countries where climate policies are less strict. And the International Maritime Organization is moving toward
In a sign that not all hope is lost for the future of renewables in the U.S., April alone saw nearly $500 million in new development, with Japanese manufacturing company Hitachi’s energy arm building out transformer manufacturing in Virginia and materials and technology company Corning investing in solar manufacturing in Michigan.Red Robin Gourmet Burger soared 62.9% after reporting a profit for the latest quarter, when analysts expected a loss.
Shares of SharpLink Gaming fell 3.2% to trim their gain for the week to a still-whopping 1,041.4% after the marketing company said it would raise $425 million to buy the cryptocurrency on the Ethereum blockchain. The company delivers leads to U.S. sportsbooks and global casino companies, and it has been expanding into the global crypto gaming market.All told, the S&P 500 edged down 0.48 to 5,911.69 points. The Dow Jones Industrial Average rose 54.34 to 42,270.07, and the Nasdaq composite slipped 62.11 to 19,113.77.
In the bond market, Treasury yields eased after a report showed that thewas slightly lower in April than economists expected.