Democrats see hope for a clean energy bill, but Manchin is adding a new hurdle: More funding for fossil fuels

Democrats see hope for a clean energy bill, but Manchin is adding a new hurdle: More funding for fossil fuels

This post was originally published on this siteExactly how much money Manchin wants to dedicate to fossil fuels — versus investments in clean energy — is so far unclear.

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As Gas Prices Soar, Biden’s Climate Ambitions Sputter

As Gas Prices Soar, Biden’s Climate Ambitions Sputter

This post was originally published on this siteRising costs at the pump, war in Ukraine, an emboldened fossil fuel industry and stalled legislation have imperiled President Biden’s climate agenda.

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Green groups press for progressive upset in Texas House race

Green groups press for progressive upset in Texas House race

This post was originally published on this siteProgressives and environmental groups hope to make Jessica Cisneros’s primary rematch with Rep. Henry Cuellar (Texas) a referendum on the nine-term House Democrat’s fossil-fuel industry ties and what they view as lackluster support for the…

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Biden Fed pick faces GOP fire on climate stances

Biden Fed pick faces GOP fire on climate stances

This post was originally published on this sitePresident Biden’s pick to be the Federal Reserve regulatory chief said Thursday it was “inappropriate” for the central bank to steer business away from fossil fuel companies — despite previously calling on financial regulators to take stronger…

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Fossil fuel subsidies are proving harder to end than first thought

Fossil fuel subsidies are proving harder to end than first thought

This post was originally published on this sitePresident Biden campaigned on ending oil and gas industry subsidies. But getting rid of them requires passing legislation. A bill eliminating the overseas drilling subsidy is stalled in Congress.

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Fed Programs Have Kept Finance Flowing to Fossil Fuels

Fed Programs Have Kept Finance Flowing to Fossil Fuels

This post was originally published on this siteThe world’s biggest banks and investors recently pledged at the Glasgow climate conference to crimp the flow of finance to fossil fuels. But oil-and-gas companies have logged record amounts of private-sector financing since the Federal Reserve’s 2020 interest-rate cuts and corporate bond-buying programs.

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Despite climate change promises, governments plan to ramp up fossil fuel production

Despite climate change promises, governments plan to ramp up fossil fuel production

This post was originally published on this site A new study by the United Nations shows that the world’s governments plan to carry on using coal, gas, and oil — despite promises made under the 2015 Paris Agreement to limit global warming. (Image credit: Tony Gutierrez/AP)

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The Fossil Fuel Industry Is Holding Up the Democratic Agenda

The Fossil Fuel Industry Is Holding Up the Democratic Agenda

This post was originally published on this siteAída Chávez Party leaders are caving to corporate pressure and ceding ground on an already dangerously low budget proposal. The post The Fossil Fuel Industry Is Holding Up the Democratic Agenda appeared first on The Nation.

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