Daily Caller Piece: IRA Subsidies Are Driving Investment Decisions in a Dangerous Direction

[Note: This story is also posted at the Daily Caller]

As we pass the one-year anniversary of the enactment of the Inflation Reduction Act, the energy media is currently filled with stories attempting to gauge the level of impact the $369 billion in new green energy subsidies and tax breaks contained in it have had on the direction of U.S. energy investment. 

When the law was enacted, I predicted those provisions would become the major driver of such investments for a decade. Across the ensuing 12 months, I have now interviewed at least 18 CEOs and other senior executives at companies who are investing in renewable energy projects or some form of technology designed to support renewables and other low-carbon solutions. When asked, each of them has told me that the IRA subsidies are integral to their projects’ ability to move forward.

There are no exceptions.