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former9thward

(31,802 posts)
21. It gives all sorts of benefits to the oil industry.
Thu Aug 4, 2022, 10:18 PM
Aug 2022

The bill will reinstate an 80 million acre sale for the Gulf of Mexico that a federal judge had invalidated. With the bill the Interior Department will be required to offer at least two million acres of federal land and 60 million acres of off shore areas to oil and gas producers every year for the next decade. If they don't they will be banned from giving permits to wind or solar projects on federal land.

Shell Oil CEO Ben van Beurden applauded the deal and highlighted its promise of new lease sales to come.

https://www.wsj.com/articles/senate-climate-bill-is-a-boon-for-fossil-fuels-11659045759

Here's a link I could "gift"--it may work when others don't. spooky3 Aug 2022 #1
Thanks! I did just find a no paywall one and added it to the OP BumRushDaShow Aug 2022 #14
And behind the scenes, Sinema and Manchin are high-fiving. 50 Shades Of Blue Aug 2022 #2
This is a BFD. nycbos Aug 2022 #3
I agree. I will take incremental change over zero change any day. texasfiddler Aug 2022 #4
I totally agree with that. We can't count our chickens before they hatch though Walleye Aug 2022 #5
its a long, long way from a BFD but when we have fascist roadblocks in our own party yaesu Aug 2022 #9
I wouldn't call it crumbs, it is a BFD given its midterms & we need onetexan Aug 2022 #17
crumbs? Gimme a break 'yaesu'.... democratsruletheday Aug 2022 #41
By securing this win for the people of the U.S. Mme. Defarge Aug 2022 #13
Sounds like they are leaving out the best part of the bill, why even bother at this point? yaesu Aug 2022 #6
That is your opinion. texasfiddler Aug 2022 #10
I like that part too, but how is it paid for if Sinema's AllyCat Aug 2022 #32
Climate change Johnny2X2X Aug 2022 #11
It gives all sorts of benefits to the oil industry. former9thward Aug 2022 #21
Paywalled Johnny2X2X Aug 2022 #22
There's nothing wrong with posting paywalled links. femmedem Aug 2022 #52
With all the new leases, I don't see you 40% emission reduction is achieved. Nt Fiendish Thingy Aug 2022 #46
Well then you aren't reading all that's in the bill Johnny2X2X Aug 2022 #53
The information about the new leases has 9th become public in the past day Fiendish Thingy Aug 2022 #55
that's not the best part. drray23 Aug 2022 #15
Here's hoping that getting some legislation passed will also help this November . Lonestarblue Aug 2022 #7
Well There Can Be No Doubt NOw Me. Aug 2022 #8
This message was self-deleted by its author duckworth969 Aug 2022 #12
do you even know what's in it ? drray23 Aug 2022 #16
"Funds climate change measures"? former9thward Aug 2022 #19
the whole thing is nearly 400 billions for climate change drray23 Aug 2022 #20
The entire deal is $369 billion. former9thward Aug 2022 #25
I think you are mistaken. drray23 Aug 2022 #33
+++ JohnSJ Aug 2022 #39
That's the climate piece alone. lapucelle Aug 2022 #36
+1 thanks for fact checking! Nt spooky3 Aug 2022 #38
The Wall Street Journal is the source of the dollar amount error. lapucelle Aug 2022 #40
Glad you caught them. It's interesting how small the spooky3 Aug 2022 #42
Perhaps the possibility of negotiations on carried interest was baked in from the start. lapucelle Aug 2022 #57
Agree nt spooky3 Aug 2022 #58
"Energy Security" seems like an open door for abuse, but TiberiusB Aug 2022 #51
Thanks, but I know what's in the bill. lapucelle Aug 2022 #54
There are so many prime BLM and off-shore leases offered to the oil and gas industry right now. texasfiddler Aug 2022 #23
Yes, the solar industry will get tax subsidies from the bill. former9thward Aug 2022 #28
Stop posting the same thing over and over. Johnny2X2X Aug 2022 #26
You post what you want and I will do the same. former9thward Aug 2022 #29
Post removed Post removed Aug 2022 #30
So former Green Sinema held out for a removal of a "key tax targeting wealthy investors" Yo_Mama_Been_Loggin Aug 2022 #18
Yep ancianita Aug 2022 #27
Same here. Rhiannon12866 Aug 2022 #44
Post removed Post removed Aug 2022 #45
She wanted lower taxes on the wealthy. AllyCat Aug 2022 #24
People who benefit from carried interest loophole must have paid her tons of money IronLionZion Aug 2022 #31
Is she asking for the carried interest loophole legislation to be removed? Lasher Aug 2022 #35
Yes, here's the excerpt from the WaPo article IronLionZion Aug 2022 #43
Thanks. Lasher Aug 2022 #47
She got the attention she wanted. nt Gore1FL Aug 2022 #34
Who kicked and who screamed is all I want to know. czarjak Aug 2022 #37
Happy for the positive reactions here. BaronChocula Aug 2022 #48
So, are we confident Manchin will go along with Sinema's revisions...? regnaD kciN Aug 2022 #49
What makes you think she is a Republican or, indeed, partisan at all? lapucelle Aug 2022 #56
Let me know when its actually passed quakerboy Aug 2022 #50
Just what I was going to write LiberalLovinLug Aug 2022 #59
I dont think she does quakerboy Aug 2022 #60
Message auto-removed Name removed Aug 2022 #61
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