Researched and written by Doug Koplow (Earth Track) and edited by Lorne Stockman Key Findings: The 45Q tax credit has been greatly expanded in scope and cost since it was first enacted in 2008. There is very little transparency surrounding the amount of tax credit claimed by companies so far. However, what information there … Read More
Day: November 20, 2023
Fossil Fuel Production Rises Under the Inflation Reduction Act, Exacerbating Environmental Injustice
The Inflation Reduction Act and U.S. President Joe Biden’s policies fail to reduce fossil fuel production or alleviate impact on environmental justice communities, according to a new briefing by Oil Change International.
Biden’s Fossil Fuel Fail: How U.S. Oil & Gas Supply Rises under the Inflation Reduction Act
A new report analyzes how the Inflation Reduction Act fails to reduce fossil fuel production or alleviate impact on environmental justice communities, and that current policies will instead lead to a deadly increase in oil and gas production and exports.