"Offshore Drilling Ban and Mining Curbs Edge Closer to Passage"

"Legislation to block oil drilling in most U.S. waters and Alaska’s Arctic National Wildlife Refuge edged closer to passage Thursday, as the House Natural Resources Committee rejected more than a dozen changes sought by Republicans.

The bill would slap new fees on oil and mining companies and effectively block the proposed Resolution Copper mine in Arizona while doling tens of billions of dollars to climate resilience, drought relief, conservation and other programs.
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The committee is expected to approve the bill next week after spending roughly nine hours considering the measure Thursday. Congressional Democrats then would fold the measure into the broader $3.5 trillion tax-and-spending legislation they are developing to expand the government’s role in health care, combat climate change and fulfill much of President Joe Biden’s economic agenda."

Jennifer A. Dlouhy reports for Bloomberg News September 2, 2021.

Source: Bloomberg, 09/03/2021