Greenlane Renewables Inc T.GRN

Manchin Strikes Major Deal with Schumer on Climate Change

[Canadian_101]

Should be great for the renewable companies like GRN who are focused on climate change initatives.....

Manchin announced the agreement in a joint statement with Senate Majority Leader Chuck Schumer, D-N.Y., after months of negotiations between the two appeared to break down recently. The deal represents a major breakthrough for elements of President Joe Biden's agenda that appeared to be all but dead.

“The Inflation Reduction Act of 2022 will make a historic down payment on deficit reduction to fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030,” Schumer and Manchin said in a statement.

The bill will also include $369 billion in spending on energy security and climate change

[bmbruce]

Clean Energy Applauds Bipartisan Senate Bill Supporting Renewable Natural Gas Tax Credit to Help Fight Climate Change Business Wire - Thu Jul 21, 5:30AM CDT Senators Richard Burr (R) from North Carolina and Mark Warner (D) from Virginia introduced today the Renewable Natural Gas Incentive Act of 2022 in the United States Senate, which provides a $1 per gallon tax credit for renewable natural gas