The US will not be able to meet the 2030 targets without this legislation (and all those subsidies)
After seven months of negotiations, and the big plan being rejected then shaved and sliced and diced, Senator Manchin has rejected all climate and energy rules. Inflation is to high and too painful…
Manchin pulls plug on Biden’s climate plan
The New York Times
WASHINGTON — Senator Joe Manchin III, Democrat of West Virginia, pulled the plug on Thursday on negotiations to salvage key pieces of President Biden’s agenda, informing his party’s leaders that he would not support funding for climate or energy programs…
Without action by Congress, it will be impossible to meet Mr. Biden’s goal of cutting U.S. emissions roughly in half by the end of this decade. That target was aimed at keeping the climate stable at about 1.5 degrees Celsius of warming compared to preindustrial levels.
“Political headlines are of no value to the millions of Americans struggling to afford groceries and gas as inflation soars to 9.1 percent,” said Sam Runyon, a spokeswoman for Mr. Manchin….
Because Democrats hold the Senate by a bare 50-50 majority, Mr. Manchin has been able to effectively exercise veto power over the domestic policy package, which the party had planned to move under a special fast-track budget process that would allow it to bypass a filibuster and pass with a simple majority. With Democrats bracing for losses in midterm elections this fall, the package could be the party’s last chance to enact substantial spending and tax legislation while it still holds the White House and both houses of Congress.
Subsidies and boondoggles are also known as “federal investments”:
In rejecting any climate and energy provisions, Mr. Manchin appeared to have single-handedly shattered Mr. Biden’s ambitious climate agenda and what would have been the largest single federal investment in American history toward addressing the toll of climate change.
Here come the snowflakes:
…it was particularly devastating for those who had championed the climate and energy provisions. In calls to various climate activists on Thursday night, Mr. Schumer and his staff sounded shellshocked and said they believed until just a few hours before that a deal was still possible, said one person who spoke with Mr. Schumer.
Leah Stokes, a professor of environmental policy at the University of California Santa Barbara who has advised congressional Democrats on climate legislation, sobbed on Thursday night as she described the months of work she and other activists, scientists and legislative staff had poured into negotiations. “The stakes are so high,” she said. “It’s just infuriating that he is condemning our own children.”
h/t NetZeroWatch