The oil and gas industry, including major players like Occidental, Exxon, and Phillips 66, have surprisingly shown support for President Biden's Inflation Reduction Act, which aims to tackle climate change. These companies are particularly in favor of sections related to carbon capture, hydrogen, and other clean energy technologies. Occidental, for instance, is investing in a $1.3 billion direct air capture facility in Texas and has secured deals to sell carbon credits to companies like Microsoft. Exxon has made significant investments in carbon capture and hydrogen, while Chevron and Phillips 66 are focusing on sustainable aviation fuels, all of which require substantial federal financial support. Despite the industry's past disagreements with the Biden administration, they recognize the necessity of government backing to transition to cleaner energy sources. The article highlights the expensive nature of these technologies, such as carbon capture and sustainable aviation fuels, and the high-risk nature of transition investments. It also mentions the importance of ongoing government support for these initiatives, emphasizing the need for a careful approach to unwinding any parts of the Inflation Reduction Act. The article concludes by mentioning that even Republican and pro-oil states are eyeing a piece of the IRA pie, showcasing broad support for certain aspects of the legislation.