The $369 billion climate and tax package forged in a surprise deal by Senate Democrats on Wednesday would be the most ambitious action ever taken by the United States to try to stop the planet from catastrophically overheating. The agreement, which Senate Democrats hope to pass as early as next week, shocked even some who had been involved in the sputtering negotiations over climate legislation during the past year. The announcement of a deal, after many activists had given up hope, almost instantly reset the role of the United States in the global effort to fight climate change.by Lisa Friedman and Brad Plumer / Surprise Deal Would Be Most Ambitious Climate Action Undertaken by U.S. / July 28, 2022
“By a wide margin, this legislation will be the greatest pro-climate legislation that has ever been passed by Congress.”Senator Chuck Schumer of New York
This new legislation would extend renewable energy tax credits up to 10 years, and could enable the United States to cut greenhouse gas emissions up to 40 percent (below 2005 levels) by 2030.
“You can’t preach temperance from a bar stool, and you can’t ask China, India, Brazil or other countries to cut emissions if we’re not doing it ourselves in a significant way.”Senator Edward J. Markey of Massachusetts
CONCESSIONS OF COURSE
The bill provides some support for fossil fuels, including new lease sales for oil drilling in the Gulf of Mexico and a separate measure on the permitting of energy infrastructure that could include natural gas pipelines like the Mountain Valley Pipeline that would carry Marcellus and Utica Shale shale gas from West Virginia to Virginia.
“It is truly all of the above, which means this bill does not arbitrarily shut off our abundant fossil fuels… a realistic energy and climate policy.”Senator Joe Manchin of West Virginia
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