Renewables Slide as Senate Bill Takes Aim at Clean Energy (2)

Republican lawmakers are debating a bill that ramps up President Donald Trump’s assault on wind and solar power, a worse-than-expected jolt that would drive up costs for clean energy while providing aid for fossil fuels.

Shares of renewable energy companies fell, while coal miners surged.

The Senate may vote Monday on its own version of a spending package that would phase out key subsidies for wind and solar sooner than expected, and also adds a new tax. While some late additions include provisions that may help rooftop solar companies and the US panel producer First Solar Inc., the bill ...