Argus Media covered the PRG Pulse 2024 Post-Election Webinar and quoted Bracewell’s Scott Segal and Tim Urban on the future of the Inflation Reduction Act (IRA).
Segal said he expected the IRA to be handled with a “scalpel” rather than a “sledgehammer.” He added that the incoming Trump administration is likely to pursue a “rather aggressive approach to fossil fuel expansion,” with a raft of “immediate” executive orders to support that goal.
With this presumed policy shift under president-elect Donald Trump and the Biden administration still working to finalize guidance for some of the IRA’s incentives, Urban cautioned that investors “stand the risk of being whipsawed to some degree in terms of not having the comfort they need to make a billion-dollar investments on new clean energy facilities.”
Urban added that an expected 2025 tax bill could move around several trillion dollars, “and some of that bill could either end up being IRA fixes or IRA repeals or curtailments.”
