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...I don’t think in my career I’ve ever seen a law have a greater impact on economic development in this country,” said Gregory Wetstone, chief executive officer of the American Council on Renewable Energy,...
...In today’s newsletter: Hostilities build in M&A world China’s next property problem In memoriam: Ira Millstein Corporate lawyers get their ‘kvetch’ on Delaware judges, as it turns out, don’t appreciate...
...“We don’t want to bite something we cannot chew.”...
...“We don’t want to end up saying this vehicle program is really good with the IRA, only to have the IRA go away, and now suddenly, the vehicle can’t make money.”...
...But people are loyal to gas cooking and don’t appreciate the attributes of electric stoves, she said....
...“If they call it ABC after, I don’t care. The question is will there be a long-term investment environment, which is favourable? And if not, we stop investing, but the investments are needed,” he said....
...The EU has not proposed a similar scheme to the IRA in the US....
...“I don’t know how the regulators will see this, but I label [the company] as a global operation,” he said. Additional reporting by William Langley in Hong Kong...
...“[Longi] is helping us at the start because we don’t really know what’s going on.”...
...And I don't think we necessarily will win this competition....
...You don’t like it necessarily, but you can’t let it go.” Additional reporting from Demetri Sevastopulo in Washington...
...“The IRA is very important, but those tax credits subsidise; they don’t stabilise,” he said....
...“People don’t move here to have it become another Detroit. A lot of retired people moved here because it’s a quiet town. It’s country,” said Sandie York, a resident of 23 years....
...I don’t want to sound like an Eeyore. I think the IRA was very good news. Biden won an important battle....
...“Like it or not”, Moore writes, former senior IRA figures are still consulted informally about party decisions, adding that she was told by one of them: “We don’t sit around talking about policies or legislation...
...I don’t even know what that is. My style icon is Gloria Guinness, who was a great friend. She was one of Truman Capote’s Swans and she was fantastic – very, very beautiful....
...It doesn’t matter what you want, if you’re trying to be a global corporate citizen and help America, they don’t care....
...Because the market is nascent, suppliers don’t know if they are getting the best deal for their tax credits....
...Car and battery makers still don’t know how Biden will draw the line on China in the tax credit....
...I don’t believe in the latter. I don’t think that’s the primary driver.”...
...The result is they feel less attachment to the concept of family — they don’t want the same life for themselves or their children.”...
...Even though it contains the slightest hint of a threat — if we don’t get justice, you don’t get peace — who could object, really? Justice and peace are good things....
...In March, the Biden administration offered an olive branch to Europe and Japan by allowing countries that don’t have formal free trade agreements with the US to participate in its clean vehicle tax credit...
...What happens if there are rollbacks to the IRA?...
...That is now as serious a question as it was when the IRA bombed Margaret Thatcher’s cabinet....
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