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President Biden introduces ambitious clean energy and climate-change focused infrastructure bill | Dentons


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On March 31, President Biden unveiled his US$2 trillion infrastructure proposal - the American Jobs Plan - in a speech in Pittsburgh. The American Jobs Plan includes funding for traditional infrastructure areas but also provides substantial funding aimed at achieving some of President Biden’s climate and clean energy objectives. In particular, the American Rescue Plan would require that utilities garner 100 percent of their electricity needs from clean sources, provide long-term extensions and expansions of clean energy tax credits and make large investments in electric vehicle infrastructure. The American Rescue Plan aims to at least partially pay for the infrastructure investments through increased corporate tax rates and repeals various tax incentives for the fossil fuel industry, among other provisions.  ....

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