Democrats on the panel have proposed $31 billion of measures to be included in a $3.5 trillion budget “reconciliation” package, which contains several items hotly opposed by many Republicans such as repealing the oil leasing program in Alaska’s Arctic National Wildlife Refuge.
Norway is western Europe’s largest oil and gas producer and companies operating on the Norwegian continental shelf include Equinor, Shell, TotalEnergies, ConocoPhillips, as well as Aker BP and Lundin Energy.
The office of House Natural Resources Chairman Raul Grijalva released legislation that repeals the Arctic National Wildlife Refuge (ANWR) oil and gas program.
Schumer said in a letter to fellow lawmakers that climate measures in the $1 trillion bipartisan infrastructure bill and a $3.5 trillion bill 24 will achieve emissions reductions of about 45% by 2030.
The White House is concerned the Democrats’ proposal will raise prices on a host of consumer goods and conflict with Biden’s pledge not to tax any American earning less than $400,000 per year, sources say.
Institute for Energy Research sounded the alarm on a quiet, but pernicious effort to ban the use of natural gas in homes and small businesses.
The appeal is "important and necessary" because oil and gas leasing programs are responsible for "significant greenhouse gas emissions," the Interior Department said in a statement.
The oil and gas industry stiffens resistance to tougher new environmental regime being pushed by the SEC.
An estimated 25 to 30 of the biggest U.S.-based “polluters” would be required to contribute to the fund over 10 years, according to Senator Chris Van Hollen who did not identify individual companies that could be targeted
President Joe Biden and German Chancellor Angela Merkel last month reached an agreement that allows the pipeline that will take Russian gas to Germany to proceed.