Statement of Nathaniel Keohane
President, Center for Climate and Energy Solutions  

May 13, 2025

On the Ways & Means Committee markup today, including draft Foreign Entities of Concern limitations that will hurt American companies and consumers, infeasible tax credit modifications for transferability, and early phase out and “placed in service” requirements: 

“At a moment when energy demand is skyrocketing, the last thing we should be doing is rolling back investments that will make electricity more abundant, reliable, and affordable. As committees in the House today mark up draft legislation that guts critical energy and manufacturing investments, they’re facing bipartisan resistance from colleagues who understand the direct benefits of those investments in their own districts. As drafted, crippling modifications would undercut the clean electricity tax credits (sections 45Y/45E)— the workhorse that is currently driving deployment of nuclear, geothermal, and other advanced energy technologies and all the jobs that will come with them.

“Adding insult to injury, this package would pull the rug out from U.S. manufacturing by dealing a potentially fatal blow to American automakers by eliminating the consumer EV credit–a primary demand signal for companies when choosing where to site manufacturing facilities.

“These tax credits were a bet on American workers and communities across the nation. We owe it to them to let them compete and win in the race to build the advanced energy economy of the future.”

To reach a C2ES expert, contact Alec Gerlach at press@c2es.org.

About C2ES: The Center for Climate and Energy Solutions (C2ES) works to secure a safe and stable climate, by accelerating the global transition to net-zero greenhouse gas emissions and a thriving, just, and resilient economy. Learn more at www.c2es.org.

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