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Reconciliation Bill: CEOS Trying to Block Climate Bill Over Taxes
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CEOs Who Called for Climate Action Now Scrambling to Block Climate Action
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Fossil-Fuel Companies Spent Millions to Play up Your Carbon Footprint
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WASHINGTON The $1 trillion bipartisan infrastructure package unveiled by the Senate includes more than $150 billion to boost clean energy and promote “climate resilience” by making schools, ports and other structures better able to withstand extreme weather events such as storms and wildfires.
But the bill, headed for a Senate vote this week, falls far short of President Joe Biden’s pledge to transform the nation’s heavily fossil-fuel powered economy into a clean-burning one and stop climate-damaging emissions from U.S. power plants by 2035.
Notably, the deal omits mention of a Clean Electricity Standard, a key element of Biden’s climate plan that would require the electric grid to replace fossil fuels with renewable sources such as solar, wind and hydropower.
$1 trillion infrastructure package delivered
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