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.
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…
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…
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.
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.
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.