White House revises climate spending plan after Sen Manchin’s objections – NYT by Reuters

© Reuters File Photo: Joe Manchin (D-WV), chairman of the Senate Committee on Energy and Natural Resources, speaks during a hearing on the Department of the Interior’s budget request for 2022 on Capitol Hill in Washington, DC. / Joshua Robbie

(Reuters) – A key part of US President Joe Biden’s climate program, which will replace coal and gas-fired power plants with wind, solar and nuclear power, is likely to be dropped from a delayed budget bill in Congress, the New York Times reported Friday.

Citing sources familiar with the matter, the paper said White House staffers were amending the law because of strong opposition from Union Democrat Sen. Joe Manchin, a centrist Democrat from coal-rich West Virginia.

“Senator Manchin has clearly expressed concern about using taxpayers’ dollars to pay private companies to do their work,” Manchin spokesman Sam Ranion told Reuters in a statement.

“He continues to support efforts to tackle climate change while protecting the independence of American energy and ensuring the reliability of our energy,” Runion said.

The White House had no comment on the New York Times report on Friday evening.

Manchin, an Arizona centrist, and Senator Kirsten Cinema both objected to the initial ড 3.5 trillion price tag in Biden’s spending plan to fund social programs and fight climate change. As a result, the president faces a difficult balancing task in an effort to cut costs but does not isolate progressive Democrats who are also essential to passing legislation. In an equally divided Senate, every democratic vote would be required to pass.

After meeting with fellow Democrats on Capitol Hill this month, Biden proposed that the bill could be cut to about 2 2 trillion in 10 years.

Disclaimer: Fusion Media I would like to remind you that the data on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and forex prices are provided by market makers rather than exchanges, and so prices may not be accurate and may differ from actual market prices, meaning prices are not indicative and suitable for trading purposes. Therefore, Fusion Media is not responsible for any of your trading losses as a result of using this data.

Fusion Media Or anyone involved with Fusion Media will not assume any liability for loss or damage as a result of relying on the information contained in this website, including data, quotes, charts and buy / sell signals. Please be fully aware of the risks and costs associated with trading in the financial markets, this is one of the potential risky investment forms.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button