The U.S. Senate just passed the latest version of the Reconciliation Bill, which will gut the clean energy investments established by the Inflation Reduction Act. This bill will increase energy costs, lead to job losses, and increase exposure to pollution for Ohio’s children and communities.
This bill is a repeal in disguise. It’s a device to destroy the greatest climate investment in U.S. history, the Inflation Reduction Act, and is the most extreme anti-environment bill in U.S. history. The Inflation Reduction Act has spurred economic development, job growth, and billions of dollars of investment in Ohio and across the nation.
If passed, the bill currently being considered would:
- Retroactively phase out clean electricity credits, disrupting long-planned projects and increasing energy costs for Ohio families and businesses
- Kill credits that support solar and energy efficiency upgrades in Ohio homes, which have made our energy grid more reliable and lowered costs
- Repeal vehicle and EV charging credits, stalling growth in the electric vehicle sector, and putting Ohio jobs at risk
- Impose burdensome red tape that makes it nearly impossible to finance new clean energy projects, stalling economic growth and energy independence
- Gut the critical transferability tool that helps small businesses and local projects participate in the clean energy economy
Since the passage of the Inflation Reduction Act, Ohio has received over $17.1 billion in funding from the clean energy plan. This money goes directly to our state to create 14,000+ new jobs, build communities, and reduce pollution. If passed, this bill would revoke all of the progress we have made while putting Ohioans out of work.
