UK Leasing

Now environmentalists slam oil and gas leasing in Manchin’s multi-billion dollar spending program

The deal West Virginia Sen. Joe Manchin struck with Majority Leader Charles Schumer, which contains billions for clean energy programs, would also mandate offshore oil and gas drilling in Alaska and the Gulf. from Mexico.

Additionally, the package commits Democratic leaders to pass new legislation to streamline the approval process for pipelines and other projects — a move Manchin called key to his own support for the package, which would include $433 billion. dollars in new spending and $739 billion in new revenue. more than a decade.

“Without what you just mentioned, there is no bill,” Manchin said. MetroNews in West Virginia.

“Without allowing reform, without the ability for America to do what it does best, produce, there is no bill,” he said. He predicted that among the first projects to move would be an LNG pipeline through parts of West Virginia and southern Virginia.

Many environmentalists are cheering a deal that Schumer says would cut greenhouse gases by 40% by 2030 based on 2005 levels.

West Virginia Sen. Joe Manchin defends his deal with Senate Majority Leader Charles Schumer on ‘reconciliation’ that will fund climate spending and establish a 15% minimum corporate tax

Former Vice President Al Gore raved Twitter: ‘The Inflation Reduction Act has the potential to be a historic turning point. It represents the largest investment in climate solutions and environmental justice in US history.

The deal also contains lease provisions that would help increase greenhouse gas emissions in the medium term, even as the package pours billions into solar and battery technology.

The deal would require the Home Office to offer to lease 2 million acres of offshore land over a decade.

It would be required to offer for charter three sales it had previously canceled for the waters of the Gulf of Mexico and Cook Inlet in Alaska. The agency rejected them in May. It would also require a Gulf lease that the Biden administration has blocked and litigated to move forward.

“It’s a climate suicide pact,” fumed Brett Hartl, chief lobbyist for the Center for Biological Diversity.

Senate Majority Leader Chuck Schumer, DN.Y.  has been negotiating with Manchin since April on the light package

Senate Majority Leader Chuck Schumer, DN.Y. has been negotiating with Manchin since April on the light package

“There should be no surprise because I have never given up on anything in my life”

The package would require three offshore lease sales that had been stalled

The package would require three offshore lease sales that had been stalled

Environmental groups hail provisions to cut carbon emissions by 40% by 2030

Environmental groups hail provisions to cut carbon emissions by 40% by 2030

“It is counterproductive to limit renewable energy development to massive new oil and gas extraction,” he said in a statement. “The new lease required in this bill will fan the flames of the climate disasters that are burning our country, and it’s a slap in the face for communities struggling to protect themselves from filthy fossil fuels.”

According to the group, the production of fossil fuels on public lands accounts for a quarter of greenhouse gas emissions.

Manchin, who chairs the powerful Senate Energy and Natural Resources Committee, repeatedly pointed to the fossil fuel provisions when touting the bill during Thursday’s interview.

“Fossil energy is recognized as a major driver and player in this legislation,” he said.

He presented the deal as attacking Russian President Vladimir Putin for “weaponizing” energy.

“We have to fight this with better energy, more energy and much cleaner producing energy.”

Other climate experts focus on investments in battery technology, solar, nuclear and other provisions to reduce greenhouse gases.

“It’s an absolutely transformative package,” Leah Stokes, a professor of climate and energy policy at the University of California, Santa Barbara, who advised the Democrats, told Reuters.

The baseline for the cut was 2005, which advised Democrats on the bill.

Funding the spending and its $369 billion in energy and climate spending is a new minimum corporate tax of 15%.

The bill is also expected to deliver $300 billion in deficit reduction, while extending Affordable Care Act grants for three years.

Manchin presented the permit agreement during a press call with reporters on Thursday.

“How many times have you heard that you can’t build anything in America?” It takes you 10 years to get a permit…whether it’s pipelines or whatever, we can start moving that energy immediately,” he said.

He told reporters the permit changes would help the Mountain Valley Pipeline, which would transport liquid natural gas about 300 miles from northwest West Virginia and southern Virginia.

“I would like to think Mountain Valley would be the top of the heap,” he said, referring to a project that has been embroiled in litigation.