Some $200 billion was approved by the Biden administration for 23,000 infrastructures in 4,500 jurisdictions around the country in 2022. The spending was authorized by the Infrastructure Investment and Jobs Act (IIJA), a $1.2 trillion spending program passed by Congress in 2021 to fund transportation and road projects, broadband access, clean water, and renewal of…
Rubio Introduces Bill to Block EV Tax Credits to Ford’s Plant Using Chinese Technology
March 11, 2023
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U.S. Sen. Marco Rubio (R-Fla.), the top Republican on the Senate Intelligence Committee, introduced a bill on Thursday to block subsidies to Chinese battery companies. If enacted, Ford’s new electric vehicle battery plant that licenses a Chinese battery maker’s technology will not qualify for the EV tax credits appropriated in the Inflation Reduction Act (IRA)….
Ford’s Deal With Chinese EV Battery Maker Sparks Security Concerns
February 23, 2023
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Ford’s new deal with a Chinese electric vehicle (EV) battery manufacturer has triggered bipartisan concern over economic and national security risks. The iconic American automaker on Feb. 13 announced that a new $3.5 billion plant will be built in Marshall, Michigan, 100 miles west of Detroit, to produce lithium-iron-phosphate batteries, better known as LFP, a…
If Government Wants More ‘Clean Energy,’ It Needs to Cut Red Tape: Report
A large amount of wind and solar spending approved by Congress last year faces the prospect of getting stuck for years in the permitting process unless the government streamlines the regulations, according to a recent report by the Brookings Institution. “Permitting of renewable energy generation and electric transmission projects in the United States is multi-layered…
6 Takeaways From Biden’s State of the Union Address
February 8, 2023
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In what sounded like a rehearsal for his expected announcement to seek a second term in 2024, President Joe Biden delivered his State of the Union address on Feb. 7. In the 72-minute speech, he encouraged bi-partisanship and unity, boasted that current numbers show that his economic plan is working, and sparred with Republicans who…
Renewable Power Projects Slow in US Over High Costs and Community Opposition
January 26, 2023
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The installation of wind and solar power projects is slowing down in the United States, with some projects being canceled over persistent cost issues and community animosity. New utility-scale solar installations are estimated to have fallen by 40 percent in 2022 compared to the previous year, according to a report from research firm Wood Mackenzie….
HHS Report Outlines ‘Major Savings’ of Affordable Insulin Now Act
January 24, 2023
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The Affordable Insulin Now Act, which took effect on Jan. 1, caps insulin costs at $35 for seniors on Medicare. The U.S. Department of Health and Human Services (HHS) released a report on Jan. 24 outlining “the major savings.” If the provision, which is part of the Inflation Reduction Act signed into law by President…
IRS Boasts of Better Services Thanks to $80 Billion Funding in ‘Inflation Reduction Act’
January 23, 2023
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The Treasury Department has announced that it is rolling out new measures aimed at improving customer service for 2022’s tax season. The Internal Revenue Service (IRS) is starting to accept federal income tax returns for 2022, and is toting its new and improved services after receiving $80 billion in funding for the next decade from…
Biden Admin Finally Admits Its Mistake in Canceling the Keystone XL Pipeline
January 19, 2023
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Commentary At long last, the Biden administration is admitting what experts have always known: reckless energy policies have disastrous consequences. This time, the Department of Energy quietly released a report highlighting the positive economic benefits of developing the Keystone XL pipeline from Canada, an energy project canceled by President Biden in the hours following his inauguration. But the…
Automaker Giant Stellantis Signs $30 Million Agreement With Australian Manganese Manufacturer
January 11, 2023
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One of the world’s leading automakers, Stellantis, has announced a binding $30 million offtake agreement with the Western Australian manganese manufacturer, Element 25, on Jan. 9, 2023. The agreement secures for the company 45 kilotons (around four Eiffel Towers) of battery grade, high purity, manganese sulphate monohydrate (HPMSM) from Element 25 to Stellantis over five years,…
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