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Also in today’s newsletter, bison and black diamonds feature in Scott Sheffield’s holiday plans
Planned US cleantech manufacturing investment under Biden has reached $628bn, administration says
One company told Energy Source that the tax credit rules are ‘unworkable’
Purchases offer potential alternative to graphite materials produced in China
Alexander De Croo says EU should deepen single market as subsidy race favours countries with ‘deepest pockets’
Strict new IRA tax credit rules aim to boost domestic industry but could slow transition from petrol
Trading partners struggle to compete with potential $1tn of spending
Also in today’s newsletter, IEA urges oil and gas companies to pay up for the energy transition
Former president plans to scrap clean energy rules and expand drilling to boost fossil fuels, say advisers
Blythewood is a test case for how US manufacturing projects could affect rural economies
American states offer billions of dollars to outbid each other to secure new projects and jobs
Swedish brand eyes President Joe Biden’s green subsidies as it prepares to buy EV batteries from European start-up Northvolt
Interest rates, supply snarls and permitting delays soften boost from Inflation Reduction Act
Investment is the largest by a foreign carmaker in a US factory since Inflation Reduction Act was passed
A war for investment pits the sunbelt region against the automotive heartland of the Midwest
Also in this newsletter: How the bloc plans to step up defence of its clean tech sector
Washington insists materials be sourced from countries abiding by strict environmental and labour rules
Senior Biden official says employment figures are expected to track a jump in factory construction
Executives fear Republicans will repeal clean energy tax breaks if they win in 2024
State backing for renewable investments fuels growth but western nations remain dependent on Asia for supply
Also in today’s newsletter, a look at the widening global oil supply deficit
One year after the IRA and Chips Act became law, FT research shows who is winning the investment race
EU start-ups attract less than half the funding of US counterparts since IRA was unveiled
The FT’s US financial editor Brooke Masters explains why share buybacks have become so hotly debated
A year after passage of IRA and Chips Act, vast majority of investment is going to red states
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