Biden’s clean energy agenda faces mounting headwinds


Source: reuters.com reuters.com

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[1/2] AES Clean Power has removed more than 100 older turbines and replaced them with 16 new Vestas in Palm Springs, California, U.S. July 21, 2022. REUTERS/David Swanson/File photo Acquire Licensing Rights Nov 24 (Reuters) - Canceled offshore wind projects, imperiled solar factories, fading demand for electric vehicles. A year after passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying President Joe Biden’s agenda. Soaring financing and materials costs, unreliable supply chains, delayed rulemaking in Washington and sluggish permitting have wrought havoc ranging from...