WASHINGTON (Reuters) – The White House reiterated on Wednesday that it supports energy permitting legislation as President Joe Biden and congressional Republicans try to end a standoff on the debt ceiling.
The administration has released more than $470 billion in manufacturing and clean energy investments since Biden took office, the White House said in a fact sheet. The White House said it is using existing authorities to speed permitting of energy projects.
“But more reforms are needed to build out modern American energy infrastructure and supply chains with the speed and safety that the moment demands,” the fact sheet said.
For example, the law governing claims for minerals used in everything from solar panels to electric vehicles is more than 150 years old, it said.
Biden adviser John Podesta told Reuters last week the administration will support the bill because it would help clean power companies use tax hundreds of billions of dollars in credits in the president’s climate law.
Read the full article here