Today is your day Boomer! Is it possible we have finally have a US President that is serious about climate change? And willing to put money where his mouth is? A lot of money, with far-reaching effects. Joe Biden's Inflation Reduction Act (IRA) is a multi-billion-dollar program that pledges government dollars toward developing low-carbon energy. The policy is aimed at boosting the country's manufacturing sector and takes aim at China's dominant position in the clean energy technology supply chain. And according to CBC News, "there are many facets of the IRA, such as tax incentives aimed at increasing the manufacturing of wind turbines, solar panels, and electric vehicle batteries. There are also subsidies to promote the development of hydrogen, biofuels and carbon capture and storage facilities. The financial supports are estimated to total nearly $60 billion US ($82.5 billion Cdn) over the next 10 years." The far-reaching effects focus on America's influence and huge economic integration with the rest of the world. In Canada, it has been called the "Elephant-Mouse effect". Two, no three potential drawbacks? Re-election of Mister Oil Trump, a burgeoning 31 trillion dollar US debt, and a politician that doesn't walk the talk. That never happens, right? Boomers, we shall see. Cheers.

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