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Oil companies see ‘net positive’ in climate bill …
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(And why #BigOil baron @Sen_JoeManchin signed off for $)
#Climate #ClimateCrisis #ClimateBreakdown #ClimateEmergency #ClimateStrike #ClimateBrawl #Manchin #InflationReductionAct
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At Manchin’s urging, though, it would require the government to offer oil & gas leases on federal land and in the Gulf of Mexico, albeit at a higher royalty rate. It also provides tax incentives for projects that capture carbon dioxide and new forms of energy like hydrogen.”
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- @AP The bill would impose a new fee on excess methane emissions from oil and gas drilling while giving fossil fuel companies access to more leases on federal lands and waters.” apnews.com/article/4d5d40…
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The bill also gives tax credits for nuclear power and carbon capture technology that oil companies such as Exxon Mobil have invested millions of dollars to advance.”- @AP
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Drilling Down on Federal Leases. api.org/news-policy-an…
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Ended up 1 of 6. Whatever
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