"You can just see the brainpower heading south," said Ken Seitz, the CEO of Saskatoon-based Nutrien Inc., adding the tax credits and subsidies offered through act are drawing investment dollars south of the border when it comes to things like renewable energy and carbon capture and storage.
The first full year of the Inflation Reduction Act, the sprawling climate bill passed by Democratic votes in Congress in 2022, saw nearly 150,000 clean energy jobs added, according to a new report by nonpartisan business group E2.
Even as she promoted her efforts to boost clean energy, Vice President Kamala Harris said in Tuesday's debate that the Biden-Harris administration has overseen “the largest increase in domestic oil production in history because of an approach that recognizes that we cannot over rely on foreign oil.″
Of the 1,500 policies in 41 countries, researchers found only a small fraction actually had impact — and usually as part of a larger strategy that included multiple angles of attack.
Politicians are often fed misleading information by corporate interests that oppose strong climate action, which masks the often overwhelming support of voters for key climate policies.
In recent years, the U.K. and U.S. governments and private sector have offered incentives and funds to help ramp up SAF production. But skeptics say the alternative fuels will hardly make a dent in the airline industry’s large carbon footprint.
As the American election creeps closer with two radically different visions for the country, backed by fiercely polarized political factions, the U.S. appears poised for another tense election cycle. From a climate perspective, the choice is clear.