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Conceding to Manchin, Bill Exempts Most Oil Industry From Methane Fees

"The U.S. Senate climate bill’s fee on oil and gas industry methane emissions will cover less than half the sector’s releases of the powerful greenhouse gas, thanks to concessions made to win over party holdout Joe Manchin, according to a review of the legislation and interviews with lawmakers that negotiated it."

Source: Reuters, 08/10/2022

"Billions in Feds’ Spending on Megafire Risks Seen as Misdirected"

"Congress is spending billions to save communities from Western megafires by thinning large swaths of forests even as scientists say climate change-driven drought and heat are too extreme for it to work. The money would be better spent thinning woods closest to homes and shoring up houses against embers raining down from firestorms, according to academics, former agency officials, and others who study wildfires."

Source: Bloomberg Environment, 08/09/2022

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