Big Oil Cashes In as Clean Fuel Startups Falter

The Inflation Reduction Act of 2022-IRA was supposed to accelerate the transition from petroleum-based fuels to what the act termed “Cleaner Transportation Fuels.” The IRA provided billions of dollars in tax credits and direct subsidies to encourage private industry to move forward with the implementation of so-called “Cleaner”-(a catchall term including, liquid hydrogen, biodiesel, ethanol, and renewable natural gas-RNG), new fuels that would help the country meet climate goals. It’s been a couple of years now, and…