Browsing Tag

iRA

US Tax Break Now Includes Chilean Lithium, ET EnergyWorld Reports

TL/DR - Products made with Chilean-mined lithium, used for electric vehicle batteries, are now eligible for US tax benefits, according to the Chilean government. This is because Chile, the world's largest copper producer and second-largest lithium producer, is eligible for tax breaks laid out in the US Inflation Reduction Act (IRA), which…

Federal government aids Montana’s wood products industry

TL/DR - The US Forest Service has provided $5m in financial aid to the Montana wood products industry as part of the Bipartisan Infrastructure Law and Inflation Reduction Act. Eight companies, including sawmills, wood product manufacturers, and logging operations, received grant money for innovation and infrastructure assistance, which is aimed…

2023 U.S. Construction Boom Sparked by Inflation Reduction Act

TL/DR - The United States' clean energy economy grew significantly in 2023 despite economic challenges, with the industry receiving nearly $100 billion in new investments and adding more than 80,000 jobs, thanks to President Biden’s Inflation Reduction Act and increasing demand for clean energy technologies. The legislation led to a surge in…

Thompson Secures $600M+ for California’s Climate Resilience Boost

Biden and Newsom Announce $600 Million for Climate Resilience Projects in California Rep. Mike Thompson (CA-04) expressed his support for the recent announcement made by President Joe Biden and California Governor Gavin Newsom. The leaders confirmed that more than $600 million from the Inflation Reduction Act and Bipartisan Infrastructure Law…