More spending to increase the national debt

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Manchin revives climate deal: What’s in the $369B bill. E&E News.
Senate Majority Leader Chuck Schumer and Energy and Natural Resources Chair Joe Manchin struck a deal yesterday on legislation that includes $369 billion in climate and clean energy policies, a stunning turnaround that caught lawmakers, environmental advocates and lobbyists by surprise. It would be the biggest and most consequential climate change bill ever passed by Congress and would be part of a larger agreement on a party-line budget reconciliation bill that also includes health care provisions and tax hikes on the wealthy. Two weeks ago, Manchin (D-W.Va.) had said he would not support a bill with clean energy and tax provisions while inflation remains at 9.1 percent, but he kept the door open to further negotiations. Note: New York Times, BBC, Forbes, Bloomberg, Politico and Guardian also report.

Manchin deal would bring back canceled offshore lease sales. Washington Examiner.
The reconciliation deal struck between Sen. Joe Manchin (D-WV) and Majority Leader Chuck Schumer (D-NY) would revive three recently canceled offshore oil and gas lease sales, a tough concession to make for Democrats who are hawkish on climate change and want to end the program altogether. Manchin and Schumer announced their agreement on a tax and spending bill Wednesday afternoon after months of negotiations, especially over the fate of tax hikes and green energy tax incentives designed to facilitate reductions in fossil fuel use across the economy. The resultant agreement, which would provide some $369 billion in a broad category described as "energy security and climate programs," would require the Interior Department to hold three offshore lease sales it canceled in offshore Alaska and the Gulf of Mexico.

Oil, gas industry methane fee survives in Manchin spending deal. Bloomberg.
The oil and gas industry would face a first-time fee on the excess emission of methane under a breakthrough spending agreement reached on Wednesday by Senate Majority Leader Chuck Schumer and Senator Joe Manchin. Methane leaking from oil and gas wells, pipelines and an array of other infrastructure would lead to fees rising to as much as $1,500 a ton in 2026 for some operators, according to the text of the agreement, which is set for a Senate vote as soon as next week.