The oil and gas industry has spent more than $200 million over the past year and a half to stop Congress from slashing carbon emissions.
Schumer, who said the measure would put the country “on a path to roughly 40% emissions reductions by 2030,” announced that he expects a vote on the legislation by next week. Sen. Kyrsten Sinema , a key swing vote, has not commented on the deal.that with the new framework, “a strong signal was sent that deep pockets only go so far.”
“Democrats took their biggest step ever towards showing that politicians who protect profiteers fleecing Americans at the pump are on the wrong side of history,” said Nielsen. “All the money in the world couldn’t stand in the way of an agreement to move forward on a bold plan to ramp up American-made clean energy, lower energy bills for families, and take on climate change.”
But while climate advocates welcomed the proposal overall as a potential game-changer for the environment, they also stressed that the deal is littered with the fingerprints of the oil and gas industry, which — according to Climate Power’s new analysis — has spent $63.5 million on lobbying so far this year.
As part of the agreement, Democratic leaders — including Schumer and President Joe Biden — agreed to reform the regulatory process for pipelines and other fossil fuel infrastructure in the coming months, a victory for Manchin and his industry backers.
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