Wall Street poised to have role in IRA Act spending (TheStreet)

Wall Street firms may find themselves eventually benefiting from the ESG provisions of the recently signed into law Inflation Reduction Act of 2022 (IRA Act). Exclusively quoted in TheStreet story, FrontLine’s Founder and President Amy Lynch expects the legislation’s spending for clean energy and reducing carbon emissions to eventually flow through to money managers with an ESG focus. Ms. Lynch sees these firms helping to guide industries and corporations in their sustainability efforts and decisions on how to utilize the funds that will become available. She adds that to what degree this happens is dependent upon the success of IRA Act programs, and the dollars that need to be distributed through various funding mechanisms could take a while to occur. See TheStreet, “Americans Won’t See Benefits of $369 Billion IRA Bill Until This Happens“