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Europe’s Green Energy Stocks Jump on Watered-Down U.S. Bill

OilPrice.com Wednesday, 2 July 2025 ()
Shares in major European renewable energy companies jumped on Wednesday morning after President Trump’s ‘Big Beautiful Bill’ was passed by the Senate with less punitive provisions for green energy projects than initially proposed. The U.S. Senate passed on Tuesday the spending and tax bill with the narrowest of margins, with Vice President JD Vance casting a tie-breaking vote after more than 24 hours of debate. The Bill must also be approved by the House, where more opposition is expected to emerge. The original bill included…
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News video: Trump’s $3.3t Tax Bill Faces Senate REVOLT As Renewable Cuts Trigger Backlash | Debt Panic Grows

Trump’s $3.3t Tax Bill Faces Senate REVOLT As Renewable Cuts Trigger Backlash | Debt Panic Grows 03:21

President Donald Trump’s $3.3 trillion tax and spending bill has hit turbulence in the U.S. Senate. Senate Majority Leader John Thune is racing to meet Trump’s July 4 deadline, but faces internal GOP divisions. At least eight Republican senators oppose key parts of the bill, ranging from Medicaid...

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