Tag

Climate Legislation

All articles tagged with #climate legislation

climate-change1 year ago•3 min saved

Vermont Enacts Landmark Law Making Oil Companies Pay for Climate Damages

Vermont has become the first state to pass a law requiring fossil fuel companies to pay for climate change damages through the Climate Superfund Cost Recovery Program. The law, which went into effect without Governor Phil Scott's signature, mandates that companies responsible for emitting over 1 billion metric tons of greenhouse gases from 1995 to 2024 contribute to a fund aimed at climate adaptation and resilience. The law is expected to face legal challenges from the oil and gas industry.

via CBS News|

#big-oil #climate-change #climate-legislation

climate-change2 years ago•6 min saved

Joe Manchin's Impact on Climate Change Policy and Democratic Party

West Virginia Senator Joe Manchin played a crucial role in passing the Inflation Reduction Act (IRA), the largest piece of US legislation aimed at combating climate change. Despite facing criticism for his ties to the fossil fuel industry, Manchin's vote was essential in getting the IRA over the line, which is projected to cut emissions by about 40 percent. He also played a key role in shaping the Bipartisan Infrastructure Law, securing funding for climate change adaptation. While the IRA falls short of fully meeting climate goals and lacks a price on carbon, Manchin's support for climate legislation in a challenging political landscape deserves some credit.

via Vox.com|

#bipartisan-infrastructure-law #climate-change #climate-legislation

politics2 years ago•2 min saved

"Biden's Economic Message Targets Boebert's District in Colorado"

President Biden will visit Colorado's Congressional district represented by Republican lawmaker Lauren Boebert to highlight clean-energy jobs created by his climate legislation. The visit aims to contrast Biden's support for climate and infrastructure legislation with Republican opposition, emphasizing the job creation potential of his economic agenda. Boebert, a right-wing Republican and avid supporter of former President Trump, has previously tried to repeal the climate law and deny the impacts of climate change. The visit to Pueblo County, which has swing voters and a sizable population of Latinos, is part of Biden's nationwide tour to promote his economic agenda and secure support for his re-election campaign in 2024.

via Yahoo News|

#biden #climate-legislation #colorado

climate-change2 years ago•2 min saved

Democratic Leaders Pledge to Strengthen Climate Law and Tackle Inflation

Senate Majority Leader Chuck Schumer pledges that a unified Democratic Congress would pursue a multifront approach to combat the climate crisis, aiming for further reductions in carbon emissions beyond the 40 percent reduction by 2030 set by the Inflation Reduction Act. Schumer highlights the need to make electricity greener, overhaul the permitting process for transmission deployment, and provide incentives to decarbonize the transportation, factory, and farm sectors. However, the success of future climate legislation would depend on the strength of Democratic majorities, competing priorities, and political dynamics. Schumer also mentions his partnership with Senator Joe Manchin and expresses hope that Republicans will join Democrats in addressing environmental issues.

via E&E News|

#carbon-emissions #chuck-schumer #climate-change

politics2 years ago•3 min saved

Environmental Groups Rally Behind Biden for Reelection Despite Oil Promises

Four major environmental advocacy groups, including the League of Conservation Voters, NextGen PAC, NRDC Action Fund, and the Sierra Club, have officially endorsed President Joe Biden's reelection campaign. This marks the first time the groups have jointly announced a presidential endorsement. Biden received the endorsement in person at the League of Conservation Voters' annual fundraising dinner in Washington. The groups praised Biden for passing the most significant climate legislation in history last year, which included $370 billion in subsidies for clean energy projects. Biden's campaign manager said the endorsement will better position their campaign to reach communities where the groups have built trusted relationships to activate voters.

via POLITICO|

#clean-energy #climate-legislation #endorsement

politics2 years ago•1 min saved

"Challenges to Biden's Agenda: Debt Ceiling and Climate Crisis"

Senator Ed Markey has urged President Joe Biden to invoke the 14th Amendment to end the standoff over raising the debt limit, which he believes is crucial to defusing Republicans’ efforts to block the president’s policies, including climate legislation. GOP House members have laid out a series of policy demands as part of the talks on raising the limit, including speedier approvals of energy permits and a rescinding of much of Biden’s signature climate law. Markey believes that Biden needs to bypass Congress to prevent Republicans from extracting unreasonable concessions.

via POLITICO|

#14th-amendment #climate-legislation #debt-limit

environment2 years ago•2 min saved

EPA's New Rule to Drive Massive Increase in US EV Sales.

The Environmental Protection Agency (EPA) is expected to announce a new rule that will require between 54-60% of all new cars sold in the US to be electric vehicles (EVs) by 2030, rising to 64-67% by 2032. This will be the federal government's most aggressive climate legislation yet and will make the US a world leader in cutting transportation emissions. Only 5.8% of all vehicles sold last year in the US were electric, so this new rule represents a "quantum leap" for the country. The proposed regulation will go through a public comment period and may be altered by the government before it's finalized.

via Electrek.co|

#climate-legislation #environment #epa

politics2 years ago•2 min saved

Manchin's Threat to Sue Treasury Over EV Tax Credits Raises Concerns for Biden's Electric Car Agenda.

Senate Energy Committee Chair Joe Manchin may take legal action against the US Treasury after it releases guidance on battery sourcing for electric vehicle tax credits. Manchin is concerned about how Treasury will classify processing and manufacturing in determining eligibility for $7,500 EV tax credits. The new rules require 50% of the value of battery components to be produced or assembled in North America for EV buyers to qualify for $3,750 of the credit, and 40% of the value of critical minerals must be sourced from the United States or a country with which it has a free trade agreement to qualify for another $3,750 credit.

via Reuters|

#china #climate-legislation #ev-tax-credits