The nearly $370 billion in climate and energy security provisions in the long-delayed budget reconciliation deal struck by Democrats in the U.S. Senate on Wednesday were thin on details but highly praised by clean-energy proponents.
Early versions of the bill had $555 billion in tax breaks for clean energy such as wind and solar power as well as batteries and nuclear reactors.
"It's an absolutely transformative package," said Stokes. She said the bill would boost American manufacturing in everything from batteries to solar energy to electric vehicles and contains the largest environmental justice investment ever. Democrats hope to pass the bill by a simple majority in the Senate. The bill must also pass the House, where Democrats also have a razor-thin majority, and be signed by Biden.
Senator Joe Manchin, a conservative Democrat and the swing vote who has received more donations from oil and gas companies than any other lawmaker in recent years, had pushed for companies to not face the fee if they were unable to build a pipeline to carry the gas to market. Democrats, he added, "have committed to advancing a suite of commonsense permitting reforms this fall that will ensure all energy infrastructure, from transmission to pipelines and export facilities, can be efficiently and responsibly built to deliver energy safely around the country and to our allies."
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