US Economy

TL/DR - Chile anticipates its lithium to qualify for subsidies under the US Inflation Reduction Act, potentially boosting investment in the country’s lithium reserves. Chile's Economy Minister, Nicolas Grau, believes the law’s structure may allow for locally-manufactured lithium cathode to be incorporated into electric vehicles receiving US…

TL/DR - The Biden administration has expressed regret for downplaying the effects of inflation, with Treasury Secretary Janet Yellen acknowledging that her previous assertion that inflation was 'transitory' was misleading. Despite warnings as early as February 2021, the administration continued to minimize the issue, with inflation causing…

TL/DR - The U.S. Department of Transportation has announced $3.3 billion for 132 projects across the country through the Reconnecting Communities Program and the Neighborhood Access and Equity Program, including $561,524,356 for five projects in Washington state and Oregon. These programs aim to correct past infrastructure issues and improve the…

TL/DR - The Inflation Reduction Act (IRA) has incentivized clean investments in disadvantaged communities, according to new data from the Massachusetts Institute of Technology and Rhodium Group Clean Investment Monitor. After the IRA was passed in August 2022, investment in clean electricity in these areas increased from an average of $2 billion…