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The legislation mandates several oil and gas lease sales. It also locks renewables and fossil fuel together for 10 years. So if the Biden administration wants solar and wind, it must first offer new oil and gas leases.
While the climate bill signed Tuesday by President Joe Biden focuses on clean energy incentives, it also buoys oil and gas interests. Here's how.
While the law largely focuses on clean energy incentives, it also secures new drilling opportunities for oil and gas companies.
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.
Arizona and Nevada residents won’t face bans on watering their lawns or washing their cars despite more Colorado River water shortages. But U.S. officials announced Tuesday there will be less water available next year for them from the river that serves 40 million people in the West and Mexico and a farm industry worth billions…