U.S. House lawmakers laid out plans on Sunday to phase out key clean energy tax credits, as well as slash billions in spending related to electric vehicles and renewable energy, fast-track gas exports and claw back unspent climate-related funds as part of the Republicans’ attempt to pass a multi-trillion-dollar budget to carry out President Donald Trump’s agenda.
The House Committee on Energy and Commerce laid out a proposal, which will be voted on Tuesday, that would raise $6.5 billion from the repeal of climate-related parts of the Biden administration’s massive Inflation Reduction Act legislation.
It would repeal major Biden administration Environmental Protection Agency rules such as one that would slash allowed emissions for light- and medium-duty vehicles starting with model year 2027.
It also includes measures aimed at speeding up permitting for liquified natural gas exports and would direct $2 billion for the Energy…