The US federal administration may be turning away from the energy transition but many of America’s most important businesses and investors are certainly not, according to think tank Chatham House.
The government’s One Big Beautiful Bill Act, passed in July, eliminates tax credits and cut incentives – although the Section 45Q tax credit for to match the $85 per tonne rate for sequestration – with the aim of slowing the roll-out of renewable energy and reinvigorating the fossil-fuel sector.
But in a column ahead of Climate Week NYC (September 21-28), Helen Clarkson, CEO Climate Group, said leading US corporates have reaffirmed or met their net zero targets this year. Of the 50 largest US firms, 71% continue to uphold climate goals, with 8% recently raising their ambitions.
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