Bracewell’s Scott Segal discussed with HeatMap that any repeal or significant change to the Inflation Reduction Act would come at a cost.
“Significant capital has already been deployed based on clean energy incentives,” he said. “To change these incentives in midstream would create business uncertainty – in effect, it would increase taxes on these projects. Outcomes like this run counter to long-standing Republican principles.”
Because the projects themselves have largely ended up in Republican-represented and -controlled areas, Segal added that “the value proposition for a balanced energy portfolio contains many elements already of great concern to Republican leaders.”
