Energy Industry Warns Projects in Danger if GOP Debt Bill Moves

The bipartisan popularity of some clean energy tax credits likely will shield the billions of dollars of clean energy investment around the country as the GOP debt limit proposal threatens to jeopardize those projects, energy industry and tax experts said.

House Republicans’ bill that would raise the debt limit and avoid a default on the government also would repeal many of the clean energy tax credits enacted by the Inflation Reduction Act. Tax professionals and energy analysts aren’t sounding an alarm just yet—the measure is dead on arrival in the Democratic-controlled Senate and would be vetoed by President Joe Biden. ...