The road to fulfilling some of the policy provisions by unlocking carbon-free electricity’s development and access in the U.S.
Google issued the policy statement as part of an update to its 2020 announcement that it aims to operate on carbon-free energy entirely for its data centers and offices by 2030.
Tax credits and grants to subsidize the above-market costs of clean energy resources, such as wind and solar, should be continued because they have proven to scale up renewable energy across the country, Google said.
The reconciliation bill carved out a separate tax credit that would be applicable for all carbon-free resources, as well as standalone subsidies for storage and transmission.
Environmentalists have panned the Biden administration for backsliding on the president’s climate commitments.
In addition, it is unclear if some members of Congress would be receptive to yielding to Google’s policy push even if the provisions it laid out would benefit everyone.
“We don’t really think about federal energy policy from the left or from the right.
According to a report led by shareholder advocacy group As You Sow, investors filed a record 529 shareholder resolutions on ESG issues for the 2022 proxy season, up by 22 percent from last year.
“Alphabet’s inconsistent lobbying activities risk eroding its credibility and undermining the investments it has made to mitigate global warming emissions from its operations,” Marcela Pinilla, director of sustainable investing at Zevin, said in a statement on the proposal.