4 takeaways from POLITICO’s Energy Summit

By Jason Plautz, Brian Dabbs, Zach Bright | 06/06/2024 06:33 AM EDT

White House officials, industry leaders and Republicans debated how the election could change the energy sector.

Energy Secretary Jennifer Granholm speaks Wednesday at the POLITICO Energy Summit.

Energy Secretary Jennifer Granholm speaks Wednesday at the POLITICO Energy Summit. POLITICO

Senior administration officials, Republican lawmakers and company officials offered sharply divergent views Wednesday on the fate of the Inflation Reduction Act that is funneling billions of dollars into the energy sector.

At POLITICO’s Energy Summit, national climate adviser Ali Zaidi, Energy Secretary Jennifer Granholm, White House senior adviser Tom Perez and other top administration officials said it’s clear that investments from the IRA — and other massive spending bills passed under Presiden Joe Biden — are cutting greenhouse gas emissions and building a new energy workforce.

But polling has shown that many Americans are unaware of the climate law’s provisions and the administration’s efforts to implement it.

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Former President Donald Trump — who has called the IRA a “scam” — is vowing to roll back clean energy policies if elected and ramp up drilling.

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