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In reply to the discussion: Democrats, Sinema reach deal on new taxes in Inflation Reduction Act [View all]former9thward
(32,121 posts)19. "Funds climate change measures"?
Not so much.
The bill gives a big boost to the fossil fuel industry.
The bill will reinstate an 80 million acre sale for the Gulf of Mexico that a federal judge had invalidated. With the bill the Interior Department will be required to offer at least two million acres of federal land and 60 million acres of off shore areas to oil and gas producers every year for the next decade. If they don't they will be banned from giving permits to wind or solar projects on federal land.
Shell Oil CEO Ben van Beurden applauded the deal.
https://www.wsj.com/articles/senate-climate-bill-is-a-boon-for-fossil-fuels-11659045759
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Democrats, Sinema reach deal on new taxes in Inflation Reduction Act [View all]
BumRushDaShow
Aug 2022
OP
its a long, long way from a BFD but when we have fascist roadblocks in our own party
yaesu
Aug 2022
#9
Sounds like they are leaving out the best part of the bill, why even bother at this point?
yaesu
Aug 2022
#6
With all the new leases, I don't see you 40% emission reduction is achieved. Nt
Fiendish Thingy
Aug 2022
#46
The information about the new leases has 9th become public in the past day
Fiendish Thingy
Aug 2022
#55
Here's hoping that getting some legislation passed will also help this November .
Lonestarblue
Aug 2022
#7
Perhaps the possibility of negotiations on carried interest was baked in from the start.
lapucelle
Aug 2022
#57
There are so many prime BLM and off-shore leases offered to the oil and gas industry right now.
texasfiddler
Aug 2022
#23
So former Green Sinema held out for a removal of a "key tax targeting wealthy investors"
Yo_Mama_Been_Loggin
Aug 2022
#18
People who benefit from carried interest loophole must have paid her tons of money
IronLionZion
Aug 2022
#31