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On August 16, President Biden signed the Inflation Reduction Act (or “IRA”), widely hailed as the most ambitious piece of climate legislation in U.S. The bill also has healthcare and prescription drug provisions, makes tax code changes unrelated to climate and energy, and guarantees federal land on- and offshore for oil and gas drilling.)
In the EOs, President Trump orders federal agencies and personnel to take certain actions or to report back on actions that could be taken in the future that would stifle federal cleanenergy programs, steer funding away from disadvantaged populations and communities, or both. A regulatory shift away from EVs will take time.
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