INSIGHTSSERIES
Fossil Fuels | Natural Gas
July 21, 2025
‘One Big Beautiful Bill’ Reinforces President Trump’s Fossil Fuel Agenda
The sweeping legislation narrows clean energy incentives and broadens federal support for fossil fuel production, realigning U.S. energy development priorities.
U.S. President Donald Trump on July 4 signed the One Big Beautiful Bill Act, a sweeping reconciliation measure that fundamentally reshapes federal energy policy. The law dramatically shrinks the…Read the full report
Key Takeaways
- President Trump has signed a sweeping reconciliation measure that sharply curtails tax credit eligibility for wind and solar projects, tightens eligibility rules, and effectively halts long-term support—reshaping the economics and timelines of clean energy development.
- Emphasizing fossil fuel production and energy independence, the legislation requires new oil and gas lease sales both onshore and offshore, and reduces royalty rates.
- Coal stands to gain with millions of new acres available for federal coal mining, lower royalties, and tax credits for metallurgical coal.
