Senator Joe Manchin gave his support to the Inflation Reduction Act of 2022 which will provide $369 billion in energy and climate investments. U.S. Senate Majority Leader Chuck Schumer was able to secure support from Senator Joe Manchin for the Inflation Reduction Act of 2022 which will provide $369 billion in energy and climate investments. The Act will promote zero and low carbon energy and support domestic production of offshore oil and gas as well as inject an additional $100 billion into healthcare. The legislation will assist with investing $369.75 billion in energy security and climate change programs over the next ten years. It is worth noting that President Biden’s initial plan called for ‘$500 billion-plus.’ When broken down, the Inflation Reduction Act of 2022 will provide $40 billion in clean manufacturing credits, $30 billion in clean electricity grants and loans, $30 billion for clean energy tech, $30 billion […]