The Energy Winners and Losers of the Inflation Reduction Act

President Biden thanked Joe Manchin Tuesday at the signing of the misnamed Inflation Reduction Act. As well he should. The West Virginia senator provided the crucial Senate vote and publicity that this is an “all of the above” energy bill. The truth is, this is a renewable energy bill that will raise energy prices in the United States and make energy and electricity supplies less secure.

“With this law, the American people won and special interests lost,” Biden said Tuesday. Completely the opposite. Bill’s $370 billion in climate spending offers a slew of tax credits for wind, solar, carbon capture, hydrogen, biofuels, critical minerals, sustainable aviation fuel , green energy manufacturing and battery storage, among others.


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