FOR IMMEDIATE RELEASE
July 28, 2022
Inflation Reduction Act of 2022 Provides Historic Investment in America’s Energy Future
Washington, D.C. - The Presidents of the Business Council for Sustainable Energy (BCSE) and the Clean Energy Business Network (CEBN) offered the following statements in response to the release of the Inflation Reduction Act of 2022.
BCSE president Lisa Jacobson:
“Congress heard the urgent call to seize this opportunity to make a historic investment in America’s energy future, while taking important measures to help consumers lower energy costs, reduce inflation and enhance U.S. competitiveness.
“BCSE commends Senate Majority Leader Chuck Schumer (D-NY), Senator Joe Manchin (D-WV) and their colleagues for continuing to work towards agreement on legislation that includes both climate change provisions and the clean energy and energy efficiency tax package.
“BCSE stands ready to work with Congress and the Biden Administration as they consider the Inflation Reduction Act of 2022 in the coming weeks.”
CEBN president Lynn Abramson:
“CEBN applauds Senators Schumer and Manchin on negotiating this historic package that makes once-in-a-generation investments in clean energy deployment to help reduce energy costs for all Americans. We urge their colleagues in the Senate and House to support this package, which will supercharge clean energy, energy efficiency, and advanced transportation deployment at scale.”
“The Inflation Reduction Act of 2022 will accelerate clean energy deployment and offer long-term policy certainty in the tax code for businesses. We stand firmly in support of ensuring that this legislation reaches the President’s desk and is signed into law as soon as possible. Communities across the U.S. all stand to benefit through lower energy costs, reduced climate impacts, more clean energy jobs, and bolstered energy security for our nation.”
BCSE and CEBN have advocated for many months on the passage of the clean energy and climate investments now contained in the Inflation Reduction Act. The Business Council for Sustainable Energy joined industry and stakeholder letters sent to Congressional leaders earlier this week calling for inclusion of a clean energy tax incentives package in the reconciliation bill. Additionally, the Clean Energy Business Network has sent a letter signed by over 850 cleantech business leaders urging Congress to pass investments for clean energy in a reconciliation package.
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