Sen. Kyrsten Sinema (D-Ariz.) reached an agreement to move forward with the Inflation Reduction Act after Democrats removed a $14 billion carried interest tax provision from the bill, as the Senate prepares to take the first procedural vote on the package on Saturday. While not mentioned in a statement from Sinema, she is reportedly expected to have added some $5 billion in drought resilience money, as the proposed funding gained the support of Western lawmakers whose home states are facing historic droughts. (E&E News)
In a 50-47 vote, Sen. Joe Manchin (D-W.Va.) teamed up with Republicans to advance a resolution to reverse the Biden administration’s new National Environmental Policy Act rules requiring federal agencies to consider certain climate change impacts in agency reviews. It is unlikely that the measure will pass the House, where Democrats hold a slim majority, but the vote represents Manchin’s commitment to work with Republicans to further a permitting reform deal he struck with Democrats, which helped the senator agree to their reconciliation package. (Politico)
A new study led by Princeton University shows the Inflation Reduction Act could reduce annual U.S. carbon emissions by about 1 billion metric tons by the end of the decade by accelerating the deployment of clean electricity and electric vehicles. The measure would help lower carbon emissions by about 42% by 2030, from 2005 levels, and lower energy costs by at least 4% over the same period, the study said. (Utility Dive)
Lawmakers are once again targeting popular state water infrastructure programs for congressionally directed spending, also known as earmarks — a trend that’s raising questions about the long-term fate of the programs, the role of environmental justice and whether EPA has enough staffing in place to deploy the funding quickly.
Billions of dollars in climate and environment investments could flow to communities in the United States that have been plagued by pollution and climate threats for decades, if the proposed Inflation Reduction Act becomes law.
Democrats and environmentalists are giddy with anticipation now that a landmark climate spending bill has a clear shot at passing the Senate. But modeling shows that the “Inflation Reduction Act” wouldn’t cut emissions enough to meet the nation’s climate goals.
A slew of permitting reforms backed by the White House and Senate Energy and Natural Resources Chair Joe Manchin (D-W.Va.) could make it harder for states and tribes to obstruct natural gas pipelines and other energy facilities they don’t want, analysts say.
A federal judge on Wednesday night threw out two resource management plans developed by the Bureau of Land Management (BLM), finding they failed to account for the risk of fossil fuel leasing on public lands in Montana and Wyoming.
Permitting reforms that Sen. Joe Manchin is pursuing in return for his approval of a burgeoning climate and energy deal on Capitol Hill could clash with and possibly stymie EPA’s ongoing efforts to finalize a new Clean Water Act rule.
The upcoming Atlantic hurricane season is still likely to be unusually active, though not quite as severe as initially predicted, according to a forecast update from the National Oceanic and Atmospheric Administration (NOAA) on Thursday.
Research at an eastern Idaho nuclear facility is key to boosting nuclear energy to meet President Joe Biden’s goals of 100% clean electricity by 2035 and net zero emissions by 2050, Energy Department Secretary Jennifer Granholm said.