Why Big Oil Is Now Fighting to Keep the Inflation Reduction Act Alive. In the wake of the IRA, the oil industry has invested at least $128 billion in renewable fuel, carbon capture, and similar technologies, and expects a large return on those projects in the form of tax credits.

Why Big Oil Is Now Fighting to Keep the Inflation Reduction Act Alive. In the wake of the IRA, the oil industry has invested at least $128 billion in renewable fuel, carbon capture, and similar technologies, and expects a large return on those projects in the form of tax credits.

Source: mafco