In 2023, the U.S. has seen over $14 billion in clean energy investments canceled or delayed, primarily due to proposed tax changes under a new bill. Concerns are heightened among companies about the future of domestic battery and renewable energy development, leading to job losses and project cancellations, including major facilities in Arizona and Michigan. Advocacy groups warn that these legislative changes undermine previous efforts to promote clean energy and could spur a shift back to fossil fuels.
E2 estimates that losses since January have cost 10,000 new clean energy jobs, with over $14 billion in investments canceled or delayed.
The House's plan coupled with the administration's focus on stomping out clean energy is causing businesses to delay plans and take their money elsewhere.
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