Truth to Power - Episode 5

On this week’s episode of #TruthtoPower, our Founder & CEO, Philip Totaro takes a deep dive into the money being jeopardized by the pending tax and budget legislation, and the lack of government accountability from #renewableenergy industry trade groups and lobbyists. Since the Inflation Reduction Act was passed, a total of $52.78 billion was committed to 181 different renewable energy equipment manufacturing or supply chain development projects. Since January, approximately $2.3 billion of those investments have been cancelled, mainly in part because of lack of matching funds from the federal government. #Windenergy is particularly hindered, seeing just a fraction over $4 billion of the $53 billion in factory investments announced. The government matching funds were supposed to be anywhere from about 20 – 50% of the total CapEx.