 Energy & Environment |
Energy & Environment |
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Democrats say Treasury guidance is too lax on Chinese solar parts |
At least three Democratic lawmakers are criticizing the Biden administration's tax credit guidance for domestic manufacturing incentives, with some saying it could give leeway for Chinese solar parts. |
Sens. Joe Manchin (D-W.Va.) and Ron Wyden (D-Ore.) and Rep. Marcy Kaptur (D-Ohio) released statements in recent days criticizing the guidance that was released on Friday. The guidance outlines which projects can qualify for an extra tax credit under the Inflation Reduction Act if their components are made in the U.S.. Manchin and Kaptur said that the Treasury Department's interpretation could bolster Chinese solar manufacturers. A spokesperson for Kaptur pointed to provisions that say that a project's components would be considered American-made if it was assembled in the U.S. regardless of where its subcomponents come from. The spokesperson said that this could enable solar projects whose panels have Chinese-made parts, including polysilicon wafers, to get the credit. "This new interpretation of the 'domestic content' bonus established as part of the Inflation Reduction Act rewards those who cut corners, offshore jobs, and buy cheaper components produced in China," Kaptur said in a written statement.
Manchin, a frequent critic of the Biden administration's energy policies, described the interpretation as part of a larger pattern. "This is yet another example of the Biden Administration manipulating the law to push their radical climate agenda at the expense of American energy security," he said in a written statement. Read more in a full report at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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How policy will affect the energy and environment sectors now and in the future: |
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The Biden administration this week proposed a new rule that could go a long way toward meeting the president's ambitious climate goals. But it relies on two little-used technologies, which could make its targets challenging to reach. |
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The U.S. Bureau of Land Management (BLM) is set to begin public hearings on a proposal to open federal lands leasing to conservationists with the first public presentation to take place Monday evening. |
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More than 12 million people living in the Pacific Northwest region of the U.S. will be impacted by a heat advisory for the next couple of days. |
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Branch out with a different read on The Hill: |
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The Save Our Sequoias Act is sponsored by Speaker Kevin McCarthy (R-Calif.) and has support from both sides of the aisle. But it is dividing environmental groups, some who think it would do more harm … |
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The Economic Snapshot: CEO Summit, May 31, 2-3:00 p.m. ET |
The post-pandemic economy has defied expectations repeatedly. The U.S. labor market and consumer spending are chugging along, while inflation is cooling, yet risks of a recession and a debt ceiling showdown loom. "The Economic Snapshot" will check the pulse of the U.S. economy. The Hill will gather chief executives to dissect just how companies are faring during this uncertain economic landscape, featuring speakers such as Scott Kirby, CEO of United Airlines; Michelle Korsmo, President & CEO of National Restaurant Association; Matthew Shay, President & CEO, National Retail Federation; and Evan Smith, Co-Founder & CEO of Altana AI.
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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Controlled Burns Help Prevent Wildfires, Experts Say. But Regulations Have Made It Nearly Impossible to Do These Burns. (ProPublica)
Power outages hit some communities harder and more often, study says (The Washington Post) Biden pledged to stop funding fossil fuels overseas. It's not stopping one agency (NPR)
Podesta's meetings: Bill Gates, BP execs and Willow foes (E&E News)
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Upcoming news themes and events we're watching: |
- Veteran's Affairs officials will testify before the House Veteran's Affairs committee in a hearing on the implementation of the PACT Act on veteran toxic exposure.
- FWS director Martha Williams will testify before the Senate Environment and Public Works Committee on the Fish and Wildlife Service budget.
- The House Transportation and Infrastructure Committee's Subcommittee on Water Resources and Environment will hold a hearing Tuesday titled "The Next Fifty Years of the Clean Water Act: Examining the Law and Infrastructure Project Completion"
- The House Energy and Commerce Committee's Subcommittee on Energy, Climate, and Grid Security will hold a markup session Tuesday on three bills
- The House Natural Resources Committee's Federal Lands Subcommittee will hold a hearing Tuesday titled Examining the Challenges Facing Forest Management, Wildfire Suppression, and Wildland Firefighters Ahead of the 2023 Wildfire Year
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Two key stories on The Hill right now: |
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Former President Trump increasingly looks like the favorite to win the GOP’s presidential nomination, but that strength masks what many Republicans see as a huge weakness against President Biden: Trump’s problems with suburban women. Read more |
| John Durham, a Trump-era special counsel assigned to review the investigation of the former president's ties to Russia, concluded authorities didn't have sufficient information to open the case. Read more |
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You're all caught up. See you tomorrow! |
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