Build Back Better is back… Well, almost. Yesterday Democratic Senator Joe Manchin struck a surprise deal with Dems to support a climate and tax bill, reopening the door for some — but not all — of Biden’s agenda. Manchin initially opposed Biden’s “Build Back Better” plan on fears it would spike #flation, but says the new bill will do the opposite:
Renewed hope for renewables… In recent months, renewable companies’ earnings have been clouded by rising prices: the cost of key solar materials has nearly tripled from last January. But solar demand’s still strong, and this bill could boost green investment:
It’s a historic step for climate investment… But still just the beginning. Experts say the new climate bill could pass as early as next week, if it gets the support from all 50 Democratic Senators (wild-cards like Kyrsten Sinema could kill the deal). It’ll still take years for America to overhaul its old energy infrastructure, but certain companies and consumers may benefit right away.