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Major business groups plan to defend Biden’s climate law despite past opposition

Major business groups plan to defend Biden’s climate law despite past opposition

Washington’s leading business lobby groups, the U.S. Chamber of Commerce and the American Petroleum Institute, are prepared to defend parts of President Biden's climate law, the Inflation Reduction Act, if Republicans regain the White House.

Kelsey Brugger reports for POLITICO.

In short:

  • Despite previously opposing the Inflation Reduction Act, these groups now support its tax breaks for clean energy technologies.
  • Business interests, including oil companies, are particularly interested in provisions for hydrogen fuel production and carbon capture.
  • The groups' stance could clash with a potential Trump administration's plans to roll back Biden’s climate policies.

Key quote:

“Business is going to defend the Inflation Reduction Act.”

— Christopher Guith, senior vice president at the Chamber’s Global Energy Institute

Why this matters:

The shifting alliances highlight the complex dynamics in U.S. energy policy, where economic interests may drive unexpected support for climate initiatives. This could influence future legislative battles and shape the country’s transition to cleaner energy.

Read additional EHN coverage:

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Arizona GOP and commerce leaders contest EPA's stricter pollution standards

Arizona GOP and commerce leaders contest EPA's stricter pollution standards

Arizona Republicans and the Chamber of Commerce are suing the U.S. Environmental Protection Agency over its latest pollution control measures, calling them unrealistic and economically harmful.

Gloria Rebecca Gomez reports for the News From The States.

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chamber of commerce climate politics
www.eenews.net

U.S. Chamber official warned of climate danger in 1989

Archived documents shed new light on how drastically the powerful trade association has shifted on climate policy over the years - from acknowledging the problem to climate denial to now rhetorically supporting climate action.

climate chamber of commerce
www.eenews.net

Inside the Chamber of (Climate) Commerce

The U.S. Chamber of Commerce faced years of pressure from within its secretive membership to adopt a friendlier position on climate change. Here's how it happened.
Bipartisan Senate plan would slash use of hydrofluorocarbons, a powerful greenhouse gas
www.washingtonpost.com

Bipartisan Senate plan would slash use of hydrofluorocarbons, a powerful greenhouse gas

In a rare defiance of the Trump administration, key Senate Republicans joined Democrats Thursday in agreeing to phase down a set of chemicals widely used in air conditioners and refrigeration that is warming the planet.

Climate change: Corporations want policy action, but their own trade groups block it

Climate change: Corporations want policy action, but their own trade groups block it

Sens. Whitehouse, Heinrich, and Schatz discuss how to hold the Chamber of Commerce accountable.
Budweiser’s 2019 Super Bowl ad is B.S.
newrepublic.com

Budweiser’s 2019 Super Bowl ad is B.S.

The beer's parent company is using the Super Bowl to send green messages—while associating with two anti-environmental groups.
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