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Re: hopester post# 49746

Tuesday, 09/27/2022 6:07:54 PM

Tuesday, September 27, 2022 6:07:54 PM

Post# of 59524
Your post is FACTUALLY INCORRECT...

You found the $113 billion figure in the article you linked in this post:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170036072

It was an estimate given in the article, but it is not given in the bill.

The bill — dubiously dubbed the Inflation Reduction Act of 2022 — includes $370 billion in energy-related spending. That’s only an estimate. The 700-page bill is so complex that few legislators (and even fewer reporters) understand how much it will actually cost. Manchin-Schumer leaves no special interest unrewarded. The bill gives lollipops to electric vehicles and perennial-not-ready-for-prime-time technologies like carbon capture and hydrogen. The legislation is so broad and has so many carve outs that it has been lauded by Exxon Mobil and the Natural Resources Defense Council.




https://www.forbes.com/sites/robertbryce/2022/08/05/big-wind-and-big-solar-will-collect-113-billion-in-tax-credits-this-decade-manchin-schumer-assures--billions-more/?sh=5621ffc929d0

Note that the article also says the bill was "lauded by Exxon Mobil" so we can be sure that Exxon and their partner FuelCell will also be getting a chunk of the $257 billion that is left.


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