Ramblin’, Gamblin’ Man (Or Is There More to It!?) – Shifts To the IRA Are Needed, 45Q Should Stay!

Companies Mentioned: Oxy, CF Industries, ExxonMobil, Carbon Engineering, Denbury, POET, Green Plains, LSB Industries, Koch Fertilizer, Nutrien, Yara, AES, EDP Renewables, Engie, Iberdrola, Amazon, Google, Meta, Microsoft, Nikola Corp., Canoo, Lion Electric, Lordstown Motors, Volta Trucks
Commodities Mentioned: CO₂, Ammonia, Oil, Natural Gas, Coal, Ethanol, Hydrogen, Solar Panels, Wind Turbines, Electric Vehicles, Batteries, Biofuels, Renewable Energy, Clean Fuel, Fertilizers, Cement, Steel, Resin, Power, Electricity

1st Topic of the Week: We discuss the Trump pause in IRA funding and likely upcoming shifts to this incentive package, highlighting our positive view of 45Q and why we think cutting it would be a significant mistake.
2nd Topic of the Week: We highlight another electric cargo truck start-up company taking a dirt nap, likely cuts to EV buyer incentives, and why EV adoption could underperform many still seemingly high expectations.
Otherwise – We discuss clean energy PPAs favoring solar relative to other sources, carbon capture investment being highest among power producers relative to others, and clean technology tariffs and investment trends.

Exhibit 1: Trump’s pause on IRA funding will likely be followed by a restructuring, benefiting some more than others.