John,
Last month Hank voted to pass the Build Back Better Act in the House of Representatives, taking a significant step toward the most significant clean energy investment in America’s history.
Analysts say this bill could lower our country’s greenhouse gas pollution by about a billion tons of carbon dioxide by 2030, the equivalent of taking all the cars in the U.S. off the road for one year.
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So, what’s in the bill? Here’s a breakdown of some of the most critical climate actions:
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Hundreds of billions in tax incentives for wind, solar and nuclear power, speeding up a transition away from relying on fossil fuels.
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Up to $12,500 in tax credits for electric vehicle purchases.
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$1 billion to build a network of electric vehicle charging stations across the country.
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We’re investing $2.9 billion in the electrical grid and modernizing it to better transmit wind and solar power.
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$12.5 billion in rebates for energy-efficient appliance purchases.
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$29 billion for a “green bank” program to help communities finance renewable energy projects.
Republicans have blocked climate legislation for years, continuously obstructing ways to fight the climate crisis. Just passing it out of the House despite Republican opposition, is a historic moment for climate action.
But there’s absolutely no guarantee Build Back Better will pass the Senate, and despite large investments proposed by the House, we’re still going to need to do more to defeat the climate crisis.
Thank you,
Hank HQ
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