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While the Inflation Reduction Act concentrates on clean energy incentives that could drastically reduce overall U.S. emissions, it also buoys oil and gas interests by mandating leasing of vast areas of public lands and off the nation’s coasts.
New Mexico is accepting applications to help it spend $10 million in settlement money from the Gold King Mine Spill, which turned rivers yellow in 2015 and caused immense economic and environmental damage in the region.
The bill bypasses concerns about emissions and guarantees new drilling opportunities in the Gulf of Mexico and Alaska.
While the Inflation Reduction Act concentrates on clean energy incentives that could drastically reduce overall U.S. emissions, it also buoys oil and gas interests by mandating leasing of vast areas of public lands and off the nation's coasts.
BILLINGS, Mont. (AP) -- The U.S. oil industry hit a legal roadblock in January when a judge struck down a $192 million oil and natural gas lease sale in