Major Companies Urge Congress to Maintain Clean Energy Tax Credits Amid Policy Debate

As Congress embarks on a pivotal debate over U.S. tax and spending policy, dozens of major companies are heading to Capitol Hill this week to advocate for preserving federal clean energy tax credits. These incentives are fueling America’s energy leadership and driving hundreds of billions of dollars in economic activity across the country.

From March 4 to March 6, 80 companies—including Amalgamated Bank, Carrier, Constellation Energy, Eaton, Ford, IKEA US, Lucid, Michelin, Siemens, and Workday—will participate in LEAD on a Clean Economy 2025. This annual event, now in its seventh year, will connect businesses with approximately 100 key Congressional offices to highlight the benefits of clean energy tax credits. These incentives have bolstered U.S. manufacturing, expanded energy production, and lowered costs for businesses and consumers.

Since their expansion in 2022, clean energy tax credits have catalyzed more than $420 billion in private-sector investment across 750 clean energy projects, creating over 400,000 jobs. The benefits—including new factories, jobs, and affordable domestic energy—are particularly concentrated in Republican-led districts. Last summer, 18 Republican House members called for preserving these incentives, signaling bipartisan support. This week, companies at LEAD on a Clean Economy will primarily meet with Republican lawmakers to reinforce the importance of maintaining these credits.

U.S. businesses have long backed clean energy incentives. More than 2,900 companies worldwide supported their passage, and major organizations—including ExxonMobil, the U.S. Chamber of Commerce, and the American Petroleum Institute—have since urged Congress to keep them in place.

LEAD on a Clean Economy is organized by Ceres, a nonprofit that works with investors and businesses to promote sustainable policies. Ceres has facilitated ongoing discussions between businesses and Republican lawmakers, including meetings on Capitol Hill following the 2024 election. “dsm-firmenich is excited to once again join LEAD on a Clean Economy in support of federal clean energy tax credits, which ensure the U.S. and its businesses are poised to compete in a changing global economy,” said Hugh Welsh, president and general counsel, dsm-firmenich North America. “We know firsthand the power of LEAD as a showcase for the business support for strong clean energy policy that benefits the economy, and are eager to again make that case on Capitol Hill this week.”

“As an American-made company and industry leader in direct air capture, Heirloom creates high-paying new energy jobs that partner with the traditional energy workforce to remove and utilize CO₂ captured from the atmosphere. Our facilities service multi-hundred-million-dollar demand contracts from leading industries, ranging from AI to aviation, and they are supported by performance-driven tax credits that ensure the deployment of a suite of carbon management technologies takes root here in the United States, building a bridge to 21st century energy security,” said Vikrum Aiyer, head of global public policy, Heirloom. “We’re excited to join LEAD on a Clean Economy 2025 and look forward to working with lawmakers to ensure critical federal policies are protected and enhanced to scale this industry from the Bay Area to Baton Rouge.”

“With the U.S. looking to rebuild its manufacturing base and generate as much new power as possible, this is no time to upend the policy environment that will meet those very goals,” said Zach Friedman, senior director of federal policy, Ceres. “This week, businesses spanning industries and states across the U.S. are excited to take to Capitol Hill to demonstrate the immense economic, financial, and national security impact of reliable, affordable, and American-made clean energy. At this urgent moment for U.S. energy and tax policy, we look forward to the opportunity to grow bipartisan support for federal clean energy incentives.”