 Energy & Environment |
Energy & Environment |
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EPA to disburse climate funds that are in GOP crosshairs |
Some of the funds from the Inflation Reduction Act's $27 billion "Green Bank" can be accessed two years after the law's passage. |
Entities receiving funding under the $14 billion National Clean Investment Fund and $6 billion Clean Communities Investment Accelerator — both of which help fund climate-friendly projects around the country — can start using the money to implement the programs immediately. Those under the policy's $7 billion Solar for All program can now access a small percentage of their funding but will have to get the rest next year after they've finalized work plans and budgets. Republicans have indicated they would try to repeal the $27 billion set aside to fund climate-friendly projects, describing it as a "slush fund." But that becomes more difficult if the money is already in recipients' hands. "With climate impacts increasingly impacting all Americans, and especially those in communities that have been historically left behind, EPA knew it had to move swiftly and deliberately to get this historic funding out the door," Environmental Protection Agency (EAP) Administrator Michael Regan in a written statement. Read more in a full report at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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How policy will affect the energy and environment sectors now and in the future: |
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President Biden on Friday celebrated the two-year anniversary of his administration’s signature legislative achievement, the Inflation Reduction Act, as former President Trump and other Republicans target and vow to roll back parts of the law should they win back the White House in November. |
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Arizona and Nevada will maintain the current cutbacks to their water usage from the Colorado River for the next year but will not be facing any imminent increases in conservation requirements, the federal Bureau of Reclamation announced Thursday. |
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President Biden on Friday designated a new national monument at the site of the 1908 Springfield, Ill., race riot, a deadly incident that paved the way for the creation of the NAACP. |
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Branch out with a different read on The Hill: |
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Alaska’s Yukon River may be shuttling much more than just water as it traverses the state and empties into the Bering Sea. A California-led research team has now found evidence that climate change-induced … |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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As Millions of Acres Burn, Firefighters Say the U.S. Forest Service Has Left Them With Critical Shortages (ProPublica)
How Booming Electricity Demand Is Stalling Efforts to Retire Coal and Gas (The Wall Street Journal) Tribe, environmental groups urge Wisconsin to rule against relocating Line 5 pipeline (MLive)
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Two key stories on The Hill right now: |
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A Thursday evening CNN panel devolved into a heated argument after Rep. Nancy Mace (R-S.C.) repeatedly mispronounced Vice President Harris's name. Read more |
| Given the issue environment and national mood, Donald Trump should be the favorite to win back the White House in November. Instead, he is running the most incompetent presidential campaign since George McGovern. The list of foolish moves, dumb remarks and out-and-out stupidities is almost inexhaustible. Here are my Top Ten reasons Trump is blowing it. Read more |
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You're all caught up. See you next week! |
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