Climate Change

"Blinken Presses Congo Leaders to Slow Oil-and-Gas Push in Rainforests"

"Pushing for a reconsideration of plans by the Democratic Republic of Congo to auction parts of its vast rainforests and peatlands, Secretary of State Antony J. Blinken announced that American and Congolese officials would form a team to examine proposed oil-and-gas extraction in those areas."

Source: NYTimes, 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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