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US Economy

Unexpected Supporters for Biden’s Inflation Reduction Act Appear

TL/DR - President Joe Biden’s Inflation Reduction Act (IRA) has garnered the support of two conservative industry groups, the American Petroleum Institute and the U.S. Chamber of Commerce, under the condition that Donald Trump retakes the presidency. The groups, which were initially against the Act, are now willing to fight to preserve certain…

US Energy Groups Praise Cruz’s Bid to End Natural Gas Tax

TL/DR - U.S. Senator Ted Cruz has proposed a bill to repeal the Natural Gas Tax implemented in President Biden's Inflation Reduction Act, claiming it will increase costs for energy customers and create new burdens for families already struggling with inflation. The bill specifically aims to eliminate a new methane emissions fee. The bill is…

Carolina Farmer Act Battles Climate Change with Inflation Reduction

TL/DR - Franklin W. Howey Jr., a renowned conservationist in North Carolina, manages a large farm operation that spans over 21,000 acres, and implements methods such as minimal tillage and various cover crops to promote soil health and conservation. In partnership with the USDA’s Natural Resources Conservation Service (NRCS), Howey has…

EU Approves Law Boosting Homegrown Green Tech Production

TL/DR - The European Union has approved the Net Zero Industry Act (NZIA), a law designed to ensure that 40% of its clean tech equipment, including solar panels and wind turbines, is produced within the bloc. The move is aimed at helping European industry to compete with its U.S. and Chinese counterparts. The NZIA, set to be enforced from next…