Plan includes $100 billion for power infrastructure Heavy EV, electrification focus seen at expense of oil, gas 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. 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 US Senate. Unveiled March 31 as the American Jobs Plan, it will also need to overcome opposition from the US oil and gas sector, which stands to lose under the plan’s heavy emphasis on electric vehicles and charging infrastructure, analysts said. Some former government officials also questioned the wisdom of creating new government offices […]