Foreigners Will Benefit From U.S. Climate Subsidies, and That Is ... - The Wall Street Journal
Foreigners Will Benefit From U.S. Climate Subsidies, and That Is Good News - WSJ
July 26, 2023 12:01 am ET
Foreign firms are shaping up to be some of the biggest beneficiaries of America’s new climate-focused industrial policy law, the Inflation Reduction Act. Japan’s Panasonic, for example, estimates it could reap $2 billion a year from tax credits associated with battery plants in Nevada and Kansas.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Continue reading your article with
a WSJ subscription
Subscribe Now
Already a subscriber? Sign In
What to Read Next
- TurboTax: Save up to $15 with TurboTax coupon May 2023
- The Motley Fool: Epic Bundle - 3x Expert Stock Recommendations
- H&R Block Tax: 15% OFF DIY Online Tax Filing Services | H&R Block Coupon
- Top Resume: 10% TopResume Discount Code for expert resume-writing services
- eBay: +30% Off today with this eBay coupon*
- Groupon: Groupon Promo Code - 30% Off + Extra 10% Off Goods
Related Knowledge Center: Climate legislation
The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.