Hope for negotiated US infrastructure deal
Ruling by parliamentarian means Biden plan could be passed by a reconciliation bill if needed
President Joe Biden’s energy transition plan came a step closer to passing into law last week when his administration received a supportive ruling from the Senate’s nonpartisan arbiter of rules, parliamentarian Elizabeth MacDonough. MacDonough ruled that the Congressional Budget Act of 1974 can allow for multiple reconciliation bills in one fiscal year. These bills allow budget-related items to pass with a simple majority rather than the two-thirds needed for other legislation. $174bn — Proposed investment in EV market This hands the Democrats power to push through Biden’s agenda by adding directives to the $1.9tn Pandemic Relief Bill passed in March. Biden’s proposed $2.25tn, eight-
Also in this section
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV