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Biden energy plan boosts renewables outlook, puts oil and gas on notice


U.S. President Joe Biden s American Jobs Plan includes $100 billion in spending on the nation s aging power infrastructure.
Source: Justin Sullivan/Getty Editorial via Getty Images
U.S. President Joe Biden s $2 trillion infrastructure and energy plan would dramatically reshape the nation s energy landscape by offering new tax incentives for clean energy, electric transmission projects, and carbon capture and storage technology.
However, industry experts cautioned that the huge proposal, which Biden envisions financing largely through major changes to the corporate tax code, will likely need to win unanimous Democratic support in the narrowly divided U.S. Senate.
Unveiled March 31 as the American Jobs Plan, it will also need to overcome opposition from the U.S. oil and gas sector, which stands to lose under the plan s heavy emphasis on electric vehicles and charging infrastructure, analysts said. And some former government officials also questioned the wisdom of cre ....

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WHITE HOUSE: How Biden's $2T plan would spur EVs, 100% clean power


Published: Thursday, April 1, 2021
President Biden speaking in Pittsburgh. Photo credit: AP Photo/Evan Vucci
President Biden delivers a speech on his sweeping $2 trillion infrastructure plan at the Carpenters Pittsburgh Training Center yesterday afternoon in Pittsburgh.
AP Photo/Evan Vucci
President Biden pledged to rebuild the backbone of America yesterday, pitching a massive $2 trillion plan to accelerate his efforts to tackle climate change, including a national clean energy standard and a carbon-free electric grid.
It s not a plan that tinkers around the edges, Biden said at a union hall in Pittsburgh. It s a once-in-a-generation investment in America. Unlike anything we ve seen or done since we built the Interstate Highway System and the space race decades ago. ....

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