The Orwellian named Whig 2022 Inflation Reduction Act is being figured out by everyone with an interest in getting a chunk of $369 billion. The Environmental Protection Agency's National Clean Investment Fund was established by the legislation which has channeled $6.97 billion through Climate United, a non-profit NGO, that is now putting $32 million of those taxpayer dollars into a project being done by Scenic Hill Solar to power the University of Arkansas with solar energy. The EPA is giving away so much money that they must hire outside private organizations to hit the keys that move the funds from the public purse to the private sector. The more entities in the process, the more money that can be siphoned.
When mountains of money are available opportunists look to be involved. Instead of battling the renewable energy industry, the hydrocarbon sector has decided to join them. Executives of the major oil companies are worried that if their ally Trump wins the next election the EPA fund will be terminated and their own industries will be negatively affected. They are investing billions in direct capture CO2 and hydrogen projects and tax credits are a resource for them. Of course the hydrocarbon corporations aren't in favor of every part of the legislation. They oppose tax credits for electric vehicles, among other things.
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