Sen. Curtis in op-ed on IRA credits: “businesses from across the energy spectrum [including renewables] have already made billions in long-term investments.” Adds to “pull rug out risks freezing investment, delaying domestic production, increasing costs https://t.co/vwRrIeHsqE
The Supreme Court’s unanimous decision to end the weaponization of NEPA is a long-overdue win for affordable and abundant housing, energy, and infrastructure in America.
It restores NEPA to its original purpose: environmental review, not endless obstruction. America is best defined not by what it blocks but by what it builds.
Phaseout by 2028 for clean electricity still in, except nuclear, which now gets the “in construction” safe harbor by 2028. Still, can’t imagine more than a few GWs of nuclear that will qualify, even with a 2028 construction date.
Today, 12 of my Republican colleagues and I issued a joint statement in response to the Ways and Means Committee’s portion of reconciliation concerning clean energy tax credits. We ask House Leadership to consider 3 thoughtful changes as we move forward.
Full statement here:
SCOOP: A dozen Republicans led by @RepMMM make 11th hour push to protect IRA energy credits, warning repeal of tech-neutral clean electricity credits would spike power costs. Comes as Ways and Means continues to haggle over the divisive issue https://t.co/tkX9K0j0mH
"Simply put, consumer prices go up if the U.S. doesn’t lower the tax and energy cost burden for American producers and manufacturers." 👏
Maintaining current energy incentives is critical for a cleaner environment AND for lower consumer prices nationwide
https://t.co/SXs8jsMkTu
From manufacturing jobs to national security to energy dominance, American energy tax credits are vital to President Trump's agenda.
Thank you to @lisamurkowski@SenJohnCurtis@SenThomTillis@JerryMoran for defending them. https://t.co/6axZIR4Xtp
SCOOP: GOP senators jump to defense of IRA clean energy credits. Murkowski, Curtis lead a new letter to Thune arguing the tax incentives are key to Trump's goals of spurring U.S. energy and manufacturing dominance https://t.co/4C7SNuWNyo
Rising energy costs are a problem in the U.S.
Ending Inflation Reduction Act tax credits and ramping up fossil fuels would make it even worse, according to a report released Thursday by think tank @EnergyInnovLLC.
Reporting by @jeffsaintjohn: https://t.co/GdH4ONQEkY
In 10 years #CO08 will need 2 to 3 times the amount of energy we use today.
Commonsense tax credits that preserve all-of-the-above options for reliable energy are essential to American energy dominance and keeping costs low.
https://t.co/dETakRy6hB
SCOOP: Republicans step up defense of IRA clean energy tax credits. “We have 20-plus members saying, ‘Don’t just think you can repeal these things and have our support,’” for GOP tax bill says @RepGarbarino, who led a new letter we obtained. W/@jamepdx https://t.co/B8WaZv42J5
The U.S. is set to shatter grid battery records this year.
Should expectations bear out, the U.S. will install more grid batteries this year alone than it had installed altogether as of 2023: https://t.co/ygRURnAAv2
Had a great meeting with Peak Energy—a sodium-ion battery innovator building in America to counter CCP dominance in energy tech.
As Chair of the @climate_caucus, I’m committed to working with groups like this to boost U.S. energy independence and security. 🇺🇸
Very productive meeting today with Joe Dominguez, CEO of @ConstellationEG—the nation’s largest producer of reliable, carbon-free energy and a leading provider of sustainable energy solutions to millions. We discussed how clean energy innovation, driven by IRA tax credits, is lowering costs, creating jobs, and strengthening America’s energy independence.
These investments are making electricity more affordable for families and businesses while cementing our leadership in the global energy market. Thank you, Joe, for your valuable insights and time today. I look forward to continuing this work to drive innovation, cut costs, and build a stronger, more resilient energy future.
4/4 Accelerating power demand growth means we need more investment + generation coming online. Repealing these investments will take us further away from the goal of American energy dominance.
Full report: https://t.co/pYTYHTPLek
New @AuroraER_Oxford report this morning estimates costs to Americans of repealing the Inflation Reduction Act's energy provisions:
⚡️$336 billion less investment in renewable, cheap electricity by 2040
👷♂️97,000 net fewer RE jobs
💵10% more expensive electricity bills
🧵1/4
3/4 Households are expected to pay more for their electricity bills if Congress repeals these investments. Texas families could face a 22% increase in their bills by 2040.
An underbuilt power grid is preventing the US from meeting surging demand with new, clean energy. These charts show why that’s the case.
Reporting by @jeffsaintjohn: https://t.co/S6a1utB7NB