Articles by tag: Biden administration
Last year, two major pieces of legislation passed that will be a huge boon to the trucking industry. The first is the CHIPS Act, which brings home the production of automotive and truck-grade chips. For context, the U.S.’s semiconductor manufacturing share has drastically decreased from 37% in 1990 to 12% today. The second piece of […]
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Federal Funding for Community-Based Clean Energy Saves the Day for Municipalities
Community-based clean energy projects across the U.S. are getting a windfall of cash from the Biden administration. Using funds from the Energy Efficiency and Conservation Block Program, Secretary of Energy Jennifer Granholm announced the federal government is allocating $550 million to help municipalities deploy community-based clean energy initiatives, from infrastructure projects that cut down […]
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What Another 15 Million Barrel Tranche Means for Oil and Gas Prices
According to Washington Post, the United States is regarded as the world’s oil barrel of last resort, but what does it mean for hundreds of millions of Americans when depletion becomes an addressable concern? On October 19, “the Biden administration announces another 15-million-barrel tranche to come out of the Strategic Petroleum Reserve (SPR) for […]
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Biden to Meet With CEOs of Walmart, CVS on Holiday Supply-Chain Issues
(Bloomberg) — President Joe Biden plans to meet Monday with the CEOs of Walmart Inc, CVS Health Corp and other retailers as part of his efforts to tackle supply chain bottlenecks and inflation ahead of Christmas. The session, which coincides with this weekend’s start to the holiday shopping season, will include executives from the grocery, […]
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A $6 Billion Jolt for U.S. EV Supply Chains
(Bloomberg) — Stay on top of the electric car revolution by signing up to our Hyperdrive newsletter here. President Biden finally signed his $550 billion bipartisan infrastructure bill into law last week, and among the goodies was $6 billion in federal grants for companies making batteries or processing materials for the components they use. For […]
Energy
Communities Can Help Streamline Solar Permits to Hit Our Climate Goals
Key Points: In order to meet President Joe Biden’s Climate Goals which is 30 percent solar by 2030, the solar industry must double its residential solar installations. The key going forward is to make solar installation straightforward and routine. Many jurisdictions are using SolarAPP+ to speed up the solar panel application process. Commentary: As […]
Business Services
Will New Income Reporting Have Any Meaningful Impact on the Financial Ecosystem?
If the IRS having more scrutiny over bank accounts makes you squirm, then buckle up. A proposed change to bank reporting standards would require banks to report $600 or more in transactions to the IRS, allegedly to help the Treasury catch wealthy individuals concealing income and committing tax fraud. Is this out of step with the […]