Energy & Fuel

"House Passes Sweeping Climate, Tax and Health Care Package"

"Congress gave final approval on Friday to legislation that would reduce the cost of prescription drugs and pour billions of dollars into the effort to slow global warming, as House Democrats overcame united Republican opposition to deliver on key components of President Biden’s domestic agenda."

Source: NYTimes, 08/15/2022

"'The Sacrifice Zone': Myanmar Bears Cost Of Green Energy"

"The birds no longer sing, and the herbs no longer grow. The fish no longer swim in rivers that have turned a murky brown. The animals do not roam, and the cows are sometimes found dead. The people in this northern Myanmar forest have lost a way of life that goes back generations. But if they complain, they, too, face the threat of death."

Source: AP, 08/11/2022

"Climate Bill Targets Transmission to Unjam Clean Energy Backlog"

"Senate Democrats’ climate bill includes $3 billion in loans and grants for electric transmission projects—money that, in addition to tax incentives for electricity generators, would break down a significant barrier to a large-scale clean energy rollout, advocates said."

Source: Bloomberg Environment, 08/10/2022

Conceding to Manchin, Bill Exempts Most Oil Industry From Methane Fees

"The U.S. Senate climate bill’s fee on oil and gas industry methane emissions will cover less than half the sector’s releases of the powerful greenhouse gas, thanks to concessions made to win over party holdout Joe Manchin, according to a review of the legislation and interviews with lawmakers that negotiated it."

Source: Reuters, 08/10/2022

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