May 21, 2024 | E&E News | 1 minute read

There’s one reason Republicans might not rush to dismantle President Joe Biden’s climate law should they get the chance: big business.

The GOP might be persuaded not to rescind hundreds of billions of dollars in green subsidies and clean energy programs in the Inflation Reduction Act, should the party control both chambers of Congress and the White House next year.

Two trade groups whose campaign arms overwhelmingly back Republican candidates — the US Chamber of Commerce and the American Petroleum Institute — are already gearing up to preserve the law.

“The cake’s been baked,” Bracewell Policy Resolution Group Senior Principal Frank Maisano told E&E News. “You have to figure out how to go forward with certainty.”

Maisano predicted trade group heavyweights would go to bat for the law. That, he said, was clear at the recent CERAWeek by S&P Global energy conference, where business leaders made the case that industry will be instrumental in greening the economy.