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Economy

Donald Trump.
AM Briefing

A Crackdown on States’ Rights

On China’s carbon goal, a U.S. uranium ramp up, and Microsoft’s green steel deal

AM Briefing

Mass Firings

On the need for geoengineering, Britain’s retreat, and Biden’s energy chief

Blue
AM Briefing

Trump’s ‘Con Job’

On offshore wind labor history, Oklo breaks ground, and American gallium

Blue
AM Briefing

Big Oil Bets on Fusion

On Guyana’s climate ‘morality,’ New Jersey’s energy fight, climate hybrids

Green
A pipeline.

A Pipeline Grows in New York

On California solar, climate tech’s master plan, and Climeworks’ ‘milestone’ deal

Red
Jerome Powell.

The Fed Flips Green Fortunes

On EPA’s climate denial, virtual power plants, and Europe’s $50 billion climate reality

Green
Economy

The Fed Is Cutting Again. That’s Good for Renewables — But Maybe Not Good Enough.

Lower borrowing costs aren’t enough to erase the threat of tariffs and Trump.

The Federal Reserve and clean energy.
<p>Heatmap Illustration/Getty Images</p>

It won’t rescue the renewables industry, but at least it’s something.

The Federal Reserve announced today that it will cut the federal funds rate by 0.25 percentage points, bringing it down to between 4% and 4.25%. Fed officials also projected quarter-point rate cuts at the last two meetings of the Federal Open Markets Committee this year.

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AM Briefing

Trump Sues Over Superfund Statute

On Democrats’ AI blueprint, more nationalized minerals, and the GOP’s anti-geoengineering push

The Department of Justice.
<p>Heatmap Illustration/Getty Images</p>

Current conditions: Tropical Storm Mario is lashing the southwestern U.S. with rainstorms and potential flash flooding • The drought in the Northeast and the Ohio Valley is worsening, with rain deficits in major cities 15% below average • Tropical Cyclone Mirasol is bringing heavy rains to the Philippine island of Luzon.

THE TOP FIVE

1. Justice Department looks to sink Vermont’s climate Superfund

The Trump administration announced a lawsuit Tuesday aimed at tanking Vermont’s Climate Superfund Act, which set up the nation’s first program to force fossil fuel companies to pay for adaptations to deal with the effects of warming temperatures. The Department of Justice said the legislation “will likely” impose “billions of dollars in liability on foreign and domestic energy companies for their alleged past contributions to climate change.” The motion, filed on Monday, comes months after the Justice Department filed an initial complaint in May targeting the law and similar legislation in New York, Hawaii, and Michigan.

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