Article Summary – The article discusses China’s displeasure with the United States’ Inflation Reduction Act, due to its revisions to the way electric vehicle (EV) tax credits operate. The Act encourages manufacturers to procure materials from countries that comply with free trade and to build EVs in North America, aiming
Article Summary – Former US President Barack Obama has been actively supporting Joe Biden’s re-election campaign, believing the upcoming race against Donald Trump will be intensely close. Obama has been involved in major fundraising efforts, which have already raised over $15 million, and is expected to play a significant role
Article Summary – Two small-scale solar manufacturers, Suniva and Heliene, have partnered to produce panels for their respective customer bases of US solar project developers. Under the three-year $400 million deal, Georgia-based Suniva will provide cells to Canada’s Heliene, which will assemble them into panels that can supply around 2 GW
Article Summary – China has lodged a complaint with the World Trade Organization (WTO) against the US Inflation Reduction Act (IRA), arguing that its subsidy policies discriminate against foreign automakers and distort fair competition. Chinese automakers have been successful in delivering affordable electric vehicles (EVs) across a variety of segments,
Article Summary – The U.S. Department of Agriculture (USDA) is investing about $138 million from the Inflation Reduction Act into 138 new climate-smart conservation easements to support climate-smart agriculture and forestry initiatives. The easements are part of the Agricultural Conservation Easement Program (ACEP), which aims to conserve wetlands, grasslands, and
Article Summary – The Internal Revenue Service (IRS) hosted the Inflation Reduction Act (IRA) Industry Day to enhance transparency and deepen collaboration with industry partners. The event focused on the IRS’s Strategic Operating Plan (SOP) priorities and how to navigate the challenges and opportunities presented by the IRA, a significant
TL/DR – Larry Summers, Harvard professor and former Director of the National Economic Council under President Obama, has suggested that the influx of private sector investment into green initiatives and the IRA could lead to a rise in interest rates. He has expressed confusion over the Federal Reserve’s belief that
Article Summary – House Republican Leader Steve Scalise remains a supporter of fossil fuels, promoting legislation that makes it easier to drill oil and gas on federal lands and opposing progressive climate policies. During an interview, he disputed the idea that human-made climate change is a threat, justifying fossil fuel
Article Summary – Saratoga National Historical Park is set to receive part of almost $200m in federal funding aimed at building resilience to climate change in parks throughout the Northeast of the US. The park’s superintendent, Leslie Morlock, says the funding will be used for three projects: controlling invasive species,
Article Summary – Lawyers and former judges have expressed concern over the handling of Donald Trump’s upcoming trial on charges of mishandling classified documents by the overseeing federal judge, citing unusual actions and delays. The judge has asked both sides to prepare jury instructions based on interpretations of the Presidential
Article Summary – The ESG Report podcast, hosted by Tom Fox, discusses EV battery regulation in the US and EU in a 3-part series; part 2 explores the impact of the Inflation Reduction Act on EV battery production and purchase. Pamela Fierst-Walsh, an expert on critical mineral supply chain issues
Article Summary – ExxonMobil CEO Darren Woods says that while renewable energy sources and electric vehicles are crucial, they are not sufficient on their own for the energy transition. Instead, he suggests a broader set of solutions including carbon capture, storage, hydrogen and biofuels, and supports the Inflation Reduction Act
