Clean Energy Projects Surge After Climate Bill Passage

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https://www.nytimes.com/2022/09/07/business/energy-environment/clean-energy-climate-bill.html

By Jack Ewing and Ivan Penn, The New York Times. 

Excerpt: In the weeks since President Biden signed a comprehensive climate bill devised to spur investment in electric cars and clean energy, corporations have announced a series of big-ticket projects to produce the kind of technology the legislation aims to promote. Toyota said it would invest an additional $2.5 billion in a factory in North Carolina to produce batteries for electric cars and hybrids. Honda and LG Energy Solution announced a joint venture to build a $4.4 billion battery factory at a location to be named. ...At a time of economic uncertainty, the legislation gives companies more confidence that they can earn a return on their bets. The investments serve as affirmation of political leaders’ intent: to further accelerate America’s transition away from fossil fuels and to reduce dependence on foreign suppliers, especially those in China.… 

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