13 May 2021
The leaders of Clean Energy for Biden have raked in millions of dollars since President Joe Biden has taken office and openly support the business, which gave his campaign millions, according to the report.
The group which raised millions for the Biden campaign has seen a sudden “lucrative returns on their investments” since Biden has been in the White House in January, according to the Washington Free Beacon, which first reported on the findings.
Clean Energy for Biden, which officially operated from March 2020 to January 2021, is now known as Clean Energy for America, since Biden became president, according to the website, which also openly states, the group “fundraised for the Biden-Harris campaign.” The group is built off of “15,000+ clean energy professionals, advocates, and business leaders,” the website states. ” We are guided by our people and motivated by our shared values, beliefs, and commitment to building a zero-carbon, inclusive energy
Clean Energy for Biden leaders see admin promote their green investments after raising millions for campaign President Joe Biden virtually tours a manufacturing plant for green energy company Proterra / YouTube Screenshot Collin Anderson and Matthew Foldi • May 13, 2021 4:55 am
Fundraising group Clean Energy for Biden raked in millions from industry professionals by promising unprecedented growth in climate tech should Democrats win the White House. Just months into President Joe Biden s tenure, its members are already seeing lucrative returns on their investments.
A team billing itself as top clean energy business and policy leaders launched the group in March 2020, according to its website. Members solicited donations from the industry s elite, arguing that then-candidate Biden s $2 trillion infrastructure proposal, which the group said would grow green energy faster than ever before.
Reuters reported this morning that the Biden administration is supportive of a production tax credit (PTC) for existing nuclear reactors. This would increase costs for consumers and delay the uptake of cheaper, cleaner renewables.
If the PTC rate of 2.5 cents per KWh and the period of qualification from Chairman Wyden’s recent Clean Energy for America Act were applied to existing reactors, the cost to taxpayers could reach over $195 billion over the coming decade.
Friends of the Earth Program Manager Lukas Ross issued the following response:
A nuclear bailout is wrong for taxpayers, wrong for ratepayers, and wrong for the climate. Paying to keep aging reactors online is courting disaster and guaranteed to slow the deployment of truly clean renewables. Congress and President Biden should not throw good money after bad.
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Over the past number of weeks, a variety of legislative
proposals, from both sides of the aisle, have been released that,
if enacted, could drastically impact the US energy industry and, in
many cases, the taxation of energy in the United States. These
proposals come on the heels of the Biden administration s American Jobs Plan and Made in America Tax
Plan. Legislative proposals related to energy continue to be
released at a rapid pace, and below we highlight certain features
from several recent proposals.