Being tugged back and forth by the federal government has caused whiplash for American companies. Now we know exactly how much.
During the Biden administration, federal incentives were put in place to push companies into developing clean energy technologies. Hundreds of projects were put in motion, costing billions of dollars, to do just that. Only a few years later, the Trump administration reversed those Biden-era policies, causing the stalling or cancellation of 223 different projects, totaling $82.9 billion in lost investments.
Those figures come from a report by the BlueGreen Alliance, an American non-profit for labor unions and environmental groups. According to the report, 111,765 jobs were lost as a result of these project cancellations.
"The resulting figures clearly illustrate the staggering loss of investment and job creation that the policies of this administration and Congress have brought about," said BlueGreen Alliance's vice president of research, Roxanne Johnson, in a statement.
Photo by: General Motors
