BEIJING (AP) — Three Chinese astronauts’ return to Earth has been postponed owing to weather conditions.
clean energy credits, nonpartisan group E2 said in its analysis of projects that it and consultancy Atlas Public Policy tracked.The groups estimate the losses since January have also cost 10,000 new clean energy jobs.
The tax credits, bolstered in the landmark climate bill passed under former President Joe Biden in 2022, are crucial for boosting renewable technologies key to. E2 estimates that $132 billion in plans have been announced since the so-called Inflation Reduction Act passed, not counting the cancellations.Last week’s House bill effectively renders moot many of the law’s incentives. Advocacy groups decried the potential impact that could have on the industry after the
“The House’s plan coupled with the administration’s focus on stomping out clean energy and returning us to a country powered by coal and gas guzzlers is causing businesses to cancel plans, delay their plans and take their money and jobs to other countries instead,” E2 executive director Bob Keefe said.The Senate is now reviewing the bill with an informal July 4 deadline to get it to the president’s desk.
Some of the most recent cancellations include the Kore Power battery factory in Arizona and BorgWarner’s closure of two EV manufacturing sites in Michigan. Bosch suspended a $200 million investment in a hydrogen fuel cell factory in South Carolina, citing changes within the market over the past year in a statement to The Associated Press.
Tariffs, inflationary pressures, nascent company struggles and low adoption rates for some technologies may also have been reasons for these companies’ plans changing. For instance, the battery storage and electric vehicle sectors have seen the most impact in 2025, with the latter especially having had had a difficult past few years. Several projects spurred by the IRA were also canceled prior to 2025.File - Andrew Klemenko shows off a Smart Counter Depth BESPOKE 4-Door Flex refrigerator at the Samsung booth during the CES tech show in Las Vegas. At the dawn of 2024, also known as New Year’s resolution season, there are lots of small, easily achievable ways to lead more climate friendly lives. (AP Photo/Joe Buglewicz, File)
File - Andrew Klemenko shows off a Smart Counter Depth BESPOKE 4-Door Flex refrigerator at the Samsung booth during the CES tech show in Las Vegas. At the dawn of 2024, also known as New Year’s resolution season, there are lots of small, easily achievable ways to lead more climate friendly lives. (AP Photo/Joe Buglewicz, File)the ultimate financial burden is much lower than the money spent replacing a cheap vacuum cleaner, say, after a year or two.
, and also see whether you can give a second life to anyfor big events, and now I don’t have a closet full of fancy dresses I’ll only wear once,” Phillips said.