Biden administration clean energy agenda faces growing difficulties

Biden's clean energy agenda faces mounting headwinds Canceled offshore wind projects, imperiled solar factories, fading demand for electric vehicles. Nichola Groom,Jarrett Renshaw Reuters

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A year after passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying President Joe Biden’s agenda.

Soaring financing and materials costs, unreliable supply chains, delayed rulemaking in Washington and sluggish permitting have wrought havoc ranging from offshore wind developer Orsted’s (ORSTED.CO) project cancellations in the U.S. Northeast, to Tesla, Ford and GM’s scaled back EV manufacturing plans.

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