August 2023 Sustainable Investment Update

In just 12 months, the Inflation Reduction Act (IRA) has meaningfully disrupted traditional capex spending and labor markets in the U.S. and abroad as manufacturers seek to take advantage of the bill’s generous incentives. From 85,000 new clean energy jobs across the U.S. “battery belt” to an $11bn Canadian incentive to keep a European automaker from moving its production plans south, the IRA is proving to be a powerful catalyst for the climate transition. This month, we also discuss recent headlines that support the credibility and scalability of carbon capture and storage as well as various company-specific events that could have more widespread impacts.

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