Skip to content

US Energy Regains Swagger While Rest of World Gets IRA Envy

  • Granholm, oil CEOs say rivals should copy US green tax breaks
  • EU worries that IRA handouts give US edge in clean tech race
Jennifer Granholm

Jennifer Granholm

Photographer: Aaron M. Sprecher/Bloomberg
Updated on

Energy executives and Biden administration officials in Houston had a simple message for Europe and other regions griping that US climate spending will starve them of investment: Stop complaining and put up the cash to enact measures of your own. 

In a standing-room-only luncheon address at the CERAWeek by S&P Global conference, Energy Secretary Jennifer Granholm boasted the newly enacted infrastructure law and Inflation Reduction Act have made the US “irresistible” for clean energy investments. The more than $360 billion in support for clean energy and advanced manufacturing — as well as preferences for domestic content — have provoked tensions with allies including the European Union