Another finance challenge associated with tax credits that the IRS is slowing. When a developer completes a solar project, the tax credits must be shifted from the developer to the future asset owner. This transfer must be approved by the IRS. This process, I am told, has been locked up for months.

New from me: Big investment banks are hesitant to offer so-called tax-equity financing to wind, solar and battery projects because of uncertainty over new restrictions on ownership ties to China. It's obstacle for the US renewable industry. Gift link: www.bloomberg.com/news/article...

Lawyers can't reach clients in ICE detention. I've heard it anecdotally, but scale of issue is horrifying. Bloomberg Law is a legal trade pub so many may miss this. Screenshot from their CA newsletter summarizes "bleak" situation for justice and rule of law. news.bloomberglaw.com/litigation/l...

I recommend Minnesota Public Radio live. I’m learning a lot I’m not getting elsewhere.

Please read my latest on the US offshore #wind industry. Lots of news last week! 👇🏼

A year after the LA wildfires, the price tag for the costliest blazes in US history is still climbing. Who pays is uncertain. Our story on how risk and damage have spread beyond burned neighborhoods and the fight to limit losses and shift liability: www.bloomberg.com/features/202...

A side story is there’s a ton of insider trading on these prediction markets. New accounts making hundreds of thousands on their first and only trade, that maduro would be ousted. Seems like insider trading is legal if not encouraged on these platforms

Delcy Rodríguez, vice president of Venezuela under Nicolás Maduro before his capture by US forces, will work with the US to transition to a democratically elected government, President Donald Trump said

US energy policy 2026!

Happy New Year #energysky! What are the big themes you are tracking this year?

🚨 New: “Presidency Boosts Trump’s Net Worth By $3 Billion In A Year” “Vaulted him 118 spots on The Forbes 400, where he lands at No. 201 this year.” @danalexander21.bsky.social for @forbes.com

Parsons, Kansas, will be the site of the world's first 1-mile deep nuclear reactor, a California startup says. And it will hold a groundbreaking ceremony next week: www.kcur.org/environment-... #Kansas #ksleg #ArtificialIntelligence #datacenters #AI #advancednuclear #NuclearPower

👀👀

NEWS - Trump and Mamdani agree that NY utility ConEd needs to lower utility bills. 🎁 Link: www.bloomberg.com/news/article...

Do not miss this stunning investigation that reveals how a Koch-funded machine and Silicon Valley's new found interest is behind the dangerous advanced nuclear hype in the US. 🎁🔗 www.bloomberg.com/news/feature...

Nighttime polar orbiter satellite photos of Jamaica before and after #Melissa show how the power grid was affected. Melissa knocked out power to about 77% of Jamaica’s customers, said Minister of Local Government Desmond McKenzie. Photos from worldview.earthdata.nasa.gov

“.. a nagging worry is beginning to grow louder on Wall Street: What if these kinds of collapses, capable of taking bonds from par to cents on the dollar in a matter of days or weeks, are not an aberration after all?” 👀 @bloomberg.com www.bloomberg.com/news/feature...

Solar panel installations in China slowed again in August to hit the lowest since late 2022, as producers turned to overseas markets amid sluggish domestic demand

President Donald Trump said his administration will use funds collected from tariffs to assist US farmers, who have thus far been hit hard by his trade policies

Chinese carmaker BYD just broke the speed record for a production car, and it's all electric. 308 mph.

A good reminder to *have an earthquake kit*. Headlamp, gloves, water, protein, radio,🔋, chocolate If you made one ages ago that canned food is expired

M 4.6 - 2 km ESE of Berkeley, CA Link: https://earthquake.usgs.gov/earthquakes/eventpage/nc75240492

Felt the shaking intensely in central Berkeley. Knocked a few things over but everyone is ok.

“The top 10% of U.S. households now account for nearly half of all consumer spending, a record high since data collection on this metric began in 1989.” @weisenthal.bsky.social @mikezaccardi.bsky.social

ICYMI - News from late last night on the Trump administration seeking to void the permit of a Maryland offshore wind farm. 👇🏼

A thoughtful and important take on the online culture that pervades our lives 👇🏻

ICYMI👇🏼

NEW: An anti-offshore wind group is targeting a Brown researcher who studies climate obstruction. It's not the first time they've done it, but there's a new twist: They're threatening to go to the Trump administration unless the university retracts the work

How can something like the Spanish blackout be prevented from happening again? Bloomberg Green’s Akshat Rathi and Laura Millan discuss on the Zero podcast

“This is a happy industry, and this is a pretty unhappy time to be in it.” Trump's tariffs add unexpected costs to Christmas decorations

Vanguard suggests a 70% bond and 30% stock portfolio for the next decade, per BI

President Trump’s tariff war is accelerating Beijing’s trade and investment push into developing nations known as the Global South, according to research by S&P Global

NEW -> Solar stocks rose Friday after the Trump Administration issued guidance on the phase out of solar and wind tax breaks that wasn't as bad as feared. Story w/ @arinatter.bsky.social 🎁 Link: www.bloomberg.com/news/article...

Citizens, crying kids, pregnant women, people who aren't the target...it doesn't seem to matter who's inside the car when immigration officers want to make an arrest. They smash the window anyway @mckenziefunk.com & I tracked these arrests all over the U.S. projects.propublica.org/trump-ice-sm...

ICYMI 👇🏼

ICYMI - Story with @jendlouhy.bsky.social & @arinatter.bsky.social on the Trump Administration’s moves to stop #solar and #wind development and support other energy sources.

Bloomberg News Now is a comprehensive audio report of today's top stories. Hear the latest news, updated throughout the day, covering global business stories in just a few minutes.

I don’t think people are prepared for where this growing movement toward maximum partisan gerrymandering is headed

Scoop -> California Governor Gavin Newsom pushing for legislation to shore up a state wildfire insurance fund for utilities that's at risk of being depleted after the deadly LA #wildfires. Story with California reporter Eliyahu Kamisher. 🎁 www.bloomberg.com/news/article...

I strongly advise media outlets and government officials who are confusing the meaning of these official statements issued by NOAA to refer to the official NOAA website that describes their intended meaning: www.tsunami.gov/?pag...

How common are earthquakes this big? Here are all of the events with a magnitude of 8.5 or larger since 1960: only ten of them!

EPA will move tomorrow to revoke the endangerment finding, the foundation for all US climate regulations, and emissions limits for cars and trucks. EPA Administrator Lee Zeldin will make the announcement in Indiana. w/ @chemnick.bsky.social subscriber.politicopro.com/article/2025...

Scoop: The Wall Street Journal is working on a story highlighting Donald Trump’s relationship with Jeffrey Epstein—but is said to be facing pressure from the White House, with Trump himself calling Editor-In-Chief Emma Tucker to object. Details in @status.news: www.status.news/p/wall-stree...

New forecast from BloombergNEF projects a 41% drop in clean energy deployments after 2027, when solar and wind will lose federal tax incentives. Trump's economic tax-and-spending package is going to slam the brakes on renewable growth. 🎁 www.bloomberg.com/news/article...

Huge: An internal Interior Department memo that I’ve reviewed shows the agency may soon subject *any* activities related to wind and solar to heightened levels of political review. It threatens to delay renewables projects across the country, including those not on federal lands. #greensky

Tune in 👇🏼

Grok account sends this in the wee hours

President Donald Trump is directing the Treasury Department issue new guidance for solar and wind projects that can qualify for tax credits under his massive tax-and-spending bill. Clean energy analysts were watching for this one: 🎁 Link: www.bloomberg.com/news/article...

“He said, ‘I love you. I’m so sorry.’ In minutes, he was gone.” www.nytimes.com/2025/07/05/u...

Republicans are now suddenly planning to TAX renewable energy, transforming the repeal of the IRA from a challenge to a full-blown crisis for American solar and wind. I spent the last 24 hours putting this story together to explain why. Please share! This is really important!!! @heatmap.news