The inclusion of an estimated $369 billion in energy security and climate change investments in a July 27–unveiled U.S. Senate budget reconciliation proposal has prompted jubilation from a range of energy sectors.
Less than two weeks after negotiations on clean energy and climate provisions within the reconciliation package hit an impasse and suggested their demise, Senate Majority Leader Chuck Schumer (D-New York) and Sen. Joe Manchin (D-West Virginia) announced they had reached an agreement to include a portion of them in a larger package geared to address record inflation.
