Fact Sheet: President Donald J. Trump Ends Market Distorting Subsidies for Unreliable, Foreign-Controlled Energy Sources

On July 7, 2025, President Donald J. Trump signed an Executive Order aimed at eliminating subsidies for certain energy sources, specifically wind and solar. This action is part of the One Big Beautiful Bill Act and directs the Secretary of the Treasury to terminate tax credits associated with clean electricity production. Additionally, the Secretary of the Interior is tasked with revising regulations to favor reliable energy sources over renewable alternatives.

The initiative is presented as a means to enhance American energy independence and foster economic growth, claiming that subsidies for renewable energy compromise the integrity of the electric grid and pose risks to national security by increasing dependence on foreign supply chains. The administration contends that ending taxpayer funding for these energy sources is crucial for achieving energy dominance and improving the nation’s fiscal health. The focus is on advancing reliable energy sources, including nuclear and fossil fuels, to generate job opportunities and strengthen the United States’ competitive position in the global energy market.

Alongside this Executive Order, President Trump has declared a National Energy Emergency to remove bureaucratic obstacles and stimulate innovation within the energy sector. The formation of the National Energy Dominance Council is part of this strategy, aiming to facilitate private sector investments and promote new technologies. By prioritizing reliable energy production, the administration intends to bolster alliances and contribute to international stability.

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