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Loss of federal tax credits could doom green energy projects

  • A $4 billion clean energy project in Louisiana may face financial issues if Congress repeals parts of the Inflation Reduction Act, according to CF Industries' documents.
  • CF Industries has an agreement with ExxonMobil to store 2 million metric tons of CO₂ annually starting in 2025, which could yield $170 million in tax credits if the current rules remain.
  • Over $2.5 billion in direct IRA-related investments have been announced in Louisiana since 2022, which may support thousands of jobs, as reported by Mark Roberts from EcoPolicy Advisors.
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Watauga DemocratWatauga Democrat
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Loss of federal tax credits could doom green energy projects

(The Center Square) − A $4 billion clean energy project in Louisiana — touted as the largest of its kind in North America — could face major financial headwinds if Congress ever repeals key provisions of the Inflation Reduction Act,…

·Calhoun, United States
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Equitable Growth broke the news in on Wednesday, April 16, 2025.
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