Energy & Environment |
Energy & Environment |
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Republican trifecta puts IRA under siege |
With Republicans securing control of the House, Senate and White House in the election, they are poised to claw back major legislation Democrats have passed to fight climate change. |
Chief in the GOP's crosshairs are provisions of the Inflation Reduction Act — a massive climate, tax and health care package that contains hundreds of billions of dollars worth of tax credits for renewable energy, electric vehicles, domestic manufacturing, nuclear power, biofuels and more for low-carbon energy and was projected to deliver serious reductions in planet-warming emissions. The law was a major piece of President Biden's climate agenda. While a handful of Republicans have indicated that they don't want to eliminate all the law's low-carbon incentives, some, like subsidies for electric vehicles, could be on the chopping block.
"I think there are some of them that should go away: the tax credits for purchasing of electric vehicles, especially up to $500,000 in income, the tax credits for charging stations," Mariannette Miller-Meeks (R-Iowa), chair of the Conservative Climate Caucus, told The Hill. Other provisions of the law, which passed without a single GOP vote, are also likely to be repealed under the coming Republican trifecta.
Sen. Shelley Moore Capito (R-W.Va.), who is poised to become the chair of the Senate Environment and Public Works Committee, said in a statement this week that Republicans would move quickly to repeal a program that charges oil and gas producers if they have high levels of methane emissions.
Meanwhile, Rep. Brett Guthrie (R-Ky.), who is in the running to lead the House Energy and Commerce Committee next year, told The Hill Republicans would probe investments made under $27 billion "green bank" provisions of the law that seek to fund projects that mitigate climate change or otherwise reduce pollution. "If there's any money left we need to stop it from going out and we need to have oversight of what went out," he said.
Read more when the story runs tomorrow 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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New York Gov. Kathy Hochul (D) will revive plans for the nation's first traffic congestion pricing plan in New York City at a reduced rate after delaying the controversial plan earlier this year. |
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The Biden administration has thrown its support behind a controversial land swap that would allow a road to be built through a national wildlife refuge in Alaska. |
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House Republicans are probing allegations of discrimination by the Federal Emergency Management Agency (FEMA) in Florida following the termination of an agency employee who advised a survivor assistance team to skip homes with President-elect Trump campaign signs. |
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Branch out with a different read from The Hill: |
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Six key watersheds along the Colorado River have become increasingly vulnerable to drought and could be nearing a point of no return, a new study has found. |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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When will greenhouse gas emissions finally peak? Could be soon (NPR) 'Praying for rain': How New York farmers are dealing with drought — and unexpected brush fires (Grist)
Heat pumps used to struggle in the cold. Not anymore. (The Washington Post)
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A MESSAGE FROM AMERICAN CHEMISTRY COUNCIL |
The World Needs Plastic, Not Plastic Pollution |
The American Chemistry Council supports a global agreement to end plastic pollution while retaining the benefits plastic provides. Learn more. |
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Two key stories on The Hill right now: |
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Former Speaker Kevin McCarthy (R-Calif.) predicted Wednesday that former Rep. Matt Gaetz (R-Fla.), President-elect Trump's pick for attorney general, will not get confirmed by the Senate. Read more |
| Elon Musk and Vivek Ramaswamy are set to take the reins of the brand new “Department of Government Efficiency” (DOGE) under President-elect Trump — a panel with bold ambitions of slashing government costs and restructuring federal agencies. Read more |
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Op-eds related to energy & environment submitted to The Hill: |
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