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LIPP Presents: One Big Beautiful Bill Act (OBBBA) - Era of Energy Dominance

Updated: Sep 8

What You Should Know


Original presentation authored by Camille Moore


The OBBBA represents a significant shift in U.S. energy policy under the Trump administration's "Era of Energy Dominance," moving away from clean energy initiatives toward fossil fuel expansion.


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Tax Credit Changes

Modified Credits:

  • Clean Hydrogen (45V)

  • Nuclear Power (45U)

  • Renewable Energy PTC (45)

  • Clean Electricity PTC - Tech-neutral (45Y)

  • Carbon Sequestration Credit (45Q)

  • Various vehicle and building efficiency credits


Ending Credits:

  • Energy Efficient Commercial Buildings Deduction (179D)

  • Cost Recovery for Qualified Facilities

  • Several fuel and vehicle tax credits


Impact on Black Americans

Potential Gains:

  • Expansion of fossil fuel jobs in regions with existing industry presence

  • Possible short-term lower energy prices from increased fossil fuel supply


Challenges:

  • Environmental deregulation may increase pollution in vulnerable Black neighborhoods

  • Rollback of clean energy tax credits reduces green job opportunities

  • Reduced incentives for electric vehicles and energy-efficient appliances

  • Funding suspensions threaten energy justice investments


North Carolina Specific Impacts

  • State Fiscal Impact: Loss of approximately $2.8 billion annually in federal funding

  • Job Impact: Tens of thousands of clean energy jobs at risk due to accelerated elimination of federal tax credits

  • Industry Changes: Increased incentives for fossil fuel production and expanded leasing on public lands

  • Regulatory Changes: Faster environmental permitting for fossil projects and cuts to Biden-era green funding programs


Policy Shifts

  • New tax credit restrictions with limits on foreign-linked supply chains

  • Stricter domestic content rules for manufacturing incentives

  • Expanded support for fossil fuel and nuclear projects

  • Rescinding unspent climate resilience funds


Note: This information is from a presentation dated 8/7/2025, and the legislative landscape continues to evolve.

 
 
 

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