Biden’s Signature Climate ‘Boondoggle’ Might Be On Chopping Block After Trump Win

From the Daily Caller News Foundation

In the wake of the election of President Donald Trump to serve a second term in office, along with presumptive Republican majorities in both houses of Congress, many are now asking about what the future will hold for the oddly named Inflation Reduction Act.

Trump made it repeatedly clear on the campaign trail that he is not a fan of that law, which was passed on straight party-line votes in both houses of Congress, or of the hundreds of billions of dollars in green energy subsidies contained in it.

In a statement sent out in a post-election memo, Sierra Club President Ben Jealous took on a pessimistic tone, saying: “Donald Trump was a disaster for climate progress during his first term, and everything he’s said and done since suggests he’s eager to do even more damage this time.” Given the major role played by the Sierra Club and other climate-alarm groups in writing the IRA, that is exactly the kind of comments we might expect.

But a full repeal of the IRA seems unlikely to succeed, even with GOP control of the House and Senate. Republican majorities will be slim and the GOP has never shown an ability to hold all its members together when voting on controversial issues. Thus, a more scalpel-like approach seems more likely to succeed.

I asked Karr Ingham, a respected petroleum economist who serves as the president of the Texas Alliance of Energy Producers, if he thinks Trump and his administration would seek to repeal the Inflation Reduction act in full. Ingham said: “I certainly hope so.” Specifically, Ingham pointed to a need to repeal “the methane tax [waste emissions charge] in the IRA, and frankly, much of the spending boondoggle that is the IRA should simply be eliminated.”

Tom Pyle, president of D.C.-based think tank the Institute for Energy Research, said he believes President Trump “absolutely should” pursue a full repeal of that law. “The vast array of subsidies embedded in the Inflation Reduction Act (IRA) is already destabilizing our electricity grid, while the spending further fuels inflation and contributes to soaring government deficits.”

Pyle further notes that Trump has promised an array of tax cuts for working Americans and families and will need to find budget offsets for those. Pyle believes the IRA offers such an opportunity. “Getting rid of subsidies for big corporations in exchange for tax relief on working families is both good policy and good politics,” he adds.

But American Petroleum Institute President Mike Sommers said his group favors retaining at least some major pieces of the IRA, specifically pointing to subsidies for carbon capture and storage (CCS) and hydrogen development. “We’ll advocate for provisions that we support, and we’ll seek repeal of provisions that we think don’t line up with continued production in the states of oil and gas,” Sommers told Politico. This is no surprise given that some of API’s biggest members have already made big bets on both CCS and hydrogen projects.

It is also important to remember that, since the IRA was signed into law in September 2022, renewable energy companies have invested hundreds of billions of dollars into wind, solar and electric vehicles projects, and a big portion of those investments are happening in key Republican states and counties.

Jason Grumet, CEO at the American Clean Power Association, said in a statement that, “Private sector clean energy investment is bringing jobs and economic opportunity to small towns and rural communities across the nation, while hundreds of new factories have come online in states that have seen far too many good jobs move overseas.” Grumet also pointed to the fact that quite a lot of investment into both wind and solar took place during Trump’s first term in office even without the added incentives from the IRA subsidy and tax incentive regimes, adding that ACPA and its members are “committed to working with the Trump-Vance administration and the new Congress to continue this great American success story.”

There is little question the Trump administration will take a hard look at many of the IRA provisions, but political realities combined with the billions already invested based on the continuation of these programs makes a full repeal seem highly unlikely.

David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.

Related Topics:#DailyCaller #DavidBlackmon #DonaldTrump #JoeBiden ClimateBooddoggle climatechange InflationReductionAct PresidentElectTrump

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Trump Takes Firm Stand, Exits Paris Agreement Again

Published on January 20, 2025

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By Mariane Angela

President Donald Trump issued an executive order Monday to remove the United States from the Paris Agreement.

The United States joins Iran, Libya, and Yemen as countries not part of the Paris Agreement, which seeks to limit global warming, the New York Times reported. Trump had previously pulled out of the agreement during his first term, only to see his successor, former president Joe Biden, re-enter it in 2021 after taking office.

This decision aims to increase fossil fuel production and reduce investment in clean energy technologies like electric vehicles and wind turbines, the outlet stated. Additionally, Trump notified the United Nations, which manages the Paris Agreement, of the U.S.’s withdrawal with a signed letter, setting the official exit to occur one year after its submission.

Trump has said in the past that the U.S. involvement in the Paris agreement harms America’s economic competitiveness and would not make a significant impact on the climate. He also said previously that the agreement was poorly negotiated and did not put American workers first.

The Biden administration implemented new emissions goals as part of its efforts to solidify its climate strategy. The Trump administration plans to deregulate the energy sector and roll back funding from Biden’s key climate initiatives. Since Nov. 5, members of Biden administration have distributed $1.6 billion in “environmental justice” grants, secured significant loans for green energy firms, empowered California regulators to influence the national auto market, and published a detailed analysis on the effects of liquefied natural gas exports, potentially hindering Trump’s efforts to expand them.

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Biden Pardons His Brother Jim And Other Family Members Just Moments Before Trump’s Swearing-In

Published on January 20, 2025

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From the Daily Caller News Foundation

By Nick Pope

President Joe Biden pardoned his brothers and other family members on Monday just moments before President-elect Donald Trump’s swearing-in

Biden pardoned his brother Frank, his other brother James, James’ wife Sara Biden, his sister Valerie Owens and her husband, John Owens in one of his last acts as president. James was connected to Hunter Biden’s business dealings with overseas partners, while Frank Biden used Joe Biden’s 2021 inauguration to promote his Florida law firm in connection with a lawsuit against sugar farmers and reportedly interrupted business meetings to speak on the phone with “the big guy” while working for a manufacturing company based in Illinois.

White House press secretary Karine Jean-Pierre attempted to spin President Joe Biden’s decision to pardon his son Hunter after months of claiming that he would not do so. pic.twitter.com/FpxQJ5m9gE

— Daily Caller (@DailyCaller) December 2, 2024

Monday’s last-minute pardons followed Joe Biden’s December 2024 decision to pardon his son Hunter — convicted on federal gun and tax charges in 2024 — for all crimes he may have committed going back to 2014. The pardons for the five other family members will also span back to 2014.

Despite the fact that Joe Biden’s Justice Department oversaw the investigations into Hunter Biden and congressional investigators proved that Biden family members and business associates profited from business deals with overseas oligarchs, Joe Biden said that his family was the victim of “the worst kind of partisan politics.”

“I believe in the rule of law, and I am optimistic that the strength of our legal institutions will ultimately prevail over politics,” Biden said in a statement released by the White House. “But baseless and politically motivated investigations wreak havoc on the lives, safety, and financial security of targeted individuals and their families. Even when individuals have done nothing wrong and will ultimately be exonerated, the mere fact of being investigated or prosecuted can irreparably damage their reputations and finances.”

“That is why I am exercising my power under the Constitution to pardon James B. Biden, Sara Jones Biden, Valerie Biden Owens, John T. Owens, and Francis W. Biden,” the statement continues. “The issuance of these pardons should not be mistaken as an acknowledgment that they engaged in any wrongdoing, nor should acceptance be misconstrued as an admission of guilt for any offense.”

James Biden, along with Hunter Biden, were paid millions of dollars by a Chinese energy firm called CEFC to look to secure energy deals in the U.S., though those ventures never materialized, according to a former CEFC associate who testified to congressional investigators in January 2024.

Republican Kentucky Rep. James Comer, who spearheaded the House impeachment inquiry against Joe Biden, slammed the pardons in a Monday statement, saying that he believes the move indicates the Biden family is likely guilty of the corrupt and unsavory activity of which they have been accused.

“President Biden’s preemptive pardons for the Biden Crime Family serve as a confession of their corruption as they sold out the American people to enrich themselves. Our investigation revealed that at least ten members of the Biden Crime Family and their associates raked in over $30 million by selling Joe Biden’s influence to corrupt foreign entities and individuals in China, Russia, Ukraine, Romania, and Kazakhstan,” Comer said. “The legacy media should be ashamed of themselves for covering up Joe Biden and his family’s abuse of power, corruption, and obstruction. The American people have seen through the legacy media’s coverup and the Bidens’ lies, and they know the truth: President Biden abused his public office to create a slush fund for his family.”

Prior to stepping in to protect his family members at the very end of his one term in office, Joe Biden also pardoned Anthony Fauci and other controversial figures before Trump was sworn in as president.