The legislation would slowly scale back investments in renewables and provide a production tax credit to coal companies that could amount to hundreds of millions of dollars each year.By Lee HedgepethA provision slipped into President Trump’s so-called One Big Beautiful Bill Act would provide millions of dollars in tax credits to U.S. companies that produce metallurgical coal—coal largely exported overseas for use in foreign steelmaking.
Observations from the Little Bunker
Last updated: August 18, 2025 04:13 PM
Atmospheric CO₂
425.4 ppm
+18.4
ppm/year
Atmospheric CH₄
1934.91 ppb
+9.11
ppb/year
Global Temperature
+1.48 °C
Peak: +1.73°C
World Population
8.1 billion
+67
million/year