Shutdown Poised to Delay Billions From Biden’s Climate Law

A US government shutdown is poised to delay billions of dollars in clean-energy incentives from President Joe Biden’s signature climate law at a pivotal time for investment, senior White House adviser John Podesta said Tuesday.

“It will be a huge problem,” Podesta, who is responsible for implementation of the Inflation Reduction Act, told reporters in Washington. “It will slow everything down.”

The Treasury Department is in the midst of writing rules for how it will distribute the measure’s tax credits from hydrogen projects to low-carbon aviation fuel, but work on that guidance could grind to a halt if the government ...