Fact Sheet: President Donald J. Trump Ends Market Distorting Subsidies for Unreliable, Foreign-Controlled Energy Sources
Fact sheetRegulation tightenedPublished 25/07/07Open the original
Summary
President Trump directs the Treasury to terminate clean electricity production and investment tax credits for wind and solar and implement the enhanced Foreign Entity of Concern restrictions under the One Big Beautiful Bill Act, and the Interior to end preferential treatment for wind and solar.
By industry
- Energy & LNG1 trading day−0.3%p15 stocks5 trading days+1.4%p15 stocks20 trading days−4.5%p15 stocks
“eliminate subsidies for unreliable “green” energy sources like wind and solar”
Day by day after the announcement
| Day | Energy & LNG stocks | S&P 500 |
|---|---|---|
| 25/07/03 | 0.0% | 0.0% |
| 25/07/07 | −1.3% | −0.9% |
| 25/07/08 | −1.5% | −0.8% |
| 25/07/09 | −2.2% | −0.2% |
| 25/07/10 | −2.3% | +0.1% |
| 25/07/11 | +1.1% | −0.4% |
| 25/07/14 | +2.7% | −0.1% |
| 25/07/15 | +1.1% | −0.6% |
| 25/07/16 | +1.5% | −0.2% |
| 25/07/17 | +2.4% | +0.5% |
| 25/07/18 | +3.5% | +0.3% |
| 25/07/21 | −2.4% | +0.6% |
| 25/07/22 | −2.4% | +0.6% |
| 25/07/23 | −3.5% | +1.5% |
| 25/07/24 | −1.8% | +1.5% |
| 25/07/25 | −3.6% | +1.9% |
| 25/07/28 | −3.0% | +1.9% |
| 25/07/29 | −2.4% | +1.6% |
| 25/07/30 | −2.9% | +1.9% |
| 25/07/31 | −3.6% | +1.1% |
| 25/08/01 | −5.1% | −0.6% |
Korean stocks in these industries
- Korea Gas Corporation 036460
- POSCO International 047050
- SK Innovation 096770
- Samsung Heavy Industries 010140
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Amy W. Chronis
BuyKinder Morgan
BuyKinder Morgan
KMI
$75.1K
2,759 sh
$75.1K
Filed 25/07/29
Traded 25/07/28
- Robert B. Pender
BuyVenture Global
BuyVenture Global
VG
$19.6K
1,226 sh
$19.6K
Filed 25/07/02
Traded 25/06/30
- Julia Letlow
Partial saleExpand Energy
Partial saleExpand Energy
EXE
$1K–$15K
Self
$1K–$15K
Reported 01/13
Traded 25/07/25
- David Patrick Michels
Sell10b5-1 planKinder Morgan
Sell10b5-1 planKinder Morgan
KMI
$1.1M
40,000 sh
$1.1M
Filed 25/08/04
Traded 25/08/04
- Sarah Fenton
SellEQT
SellEQT
EQT
$646K
12,438 sh
$646K
Filed 25/07/28
Traded 25/07/25
- Vicky A. Bailey
SellEQT
SellEQT
EQT
$219.6K
4,259 sh
$219.6K
Filed 25/08/07
Traded 25/08/06
- Sital K. Mody
Sell10b5-1 planKinder Morgan
Sell10b5-1 planKinder Morgan
KMI
$1.3M
45,549 sh
$1.3M
Filed 25/08/04
Traded 25/08/01
- James Richard Perry
SellEnergy Transfer
SellEnergy Transfer
ET
$25.3K
1,369 sh
$25.3K
Filed 25/06/17
Traded 25/06/13
- John W. Schlosser
Sell10b5-1 planKinder Morgan
Sell10b5-1 planKinder Morgan
KMI
$171.5K
6,166 sh
$171.5K
Filed 25/08/05
Traded 25/08/05
- Alexander Lisa Larroque
Sell10b5-1 planSempra
Sell10b5-1 planSempra
SRE
$126.1K
1,576 sh
$126.1K
Filed 25/07/23
Traded 25/07/23
- Terrance Lane Wilson
Sell10b5-1 planWilliams Companies
Sell10b5-1 planWilliams Companies
WMB
$125.4K
2,000 sh
$125.4K
Filed 25/07/02
Traded 25/07/01
- Terrance Lane Wilson
Sell10b5-1 planWilliams Companies
Sell10b5-1 planWilliams Companies
WMB
$119.4K
2,000 sh
$119.4K
Filed 25/08/04
Traded 25/08/01