Trump Treasury Pick Disputes Democrat Assertion America Is in Clean Energy ‘Arms Race’ with China

Treasury Secretary nominee Scott Bessent on Thursday disputed Sen. Ron Wyden’s (D-OR) argument that America is in a clean energy “arms race” with China, charging that China is projected to build 100 coal fired plants this year.

Wyden asked Bessent during a Senate Finance Committee hearing about the incoming Trump administration’s efforts to repeal much of the Inflation Reduction Act, a bill that was first marketed as a measure to reduce spending, but even President Joe Biden admitted the legislation was wrongly named, referring to it as the “most significant climate change law ever.”