Congress Is Divided. Here’s Where It May Not Be.

Federal Legislation, Opinions, Policy

November 18, 2022

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by Arianna Skibel (Politico’s Power Switch) … But POLITICO’s E&E News reporter Jeremy Dillion says when it comes to energy and climate policy, there may be some (narrow) room for agreement.

“There likely won’t be a big cross-chamber energy bill, but there will be areas where they can find bipartisan cooperation in these next two years,” Jeremy said in an interview this morning.

Those potential areas include boosting small nuclear reactors, carbon capture, hydrogen and climate-friendly farming practices.

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Provisions supporting small nuclear reactors and hydrogen, for example, were included in the bipartisan 2020 energy bill and last year’s infrastructure legislation. And Republicans have already been kicking around ideas to streamline nuclear regulations.

Technologies to trap carbon emissions from power plants and suck carbon directly out of the atmosphere are also increasingly supported by both parties. A major carbon removal bill is unlikely to pass during the busy lame-duck session, but some lawmakers are convinced there will be a bipartisan appetite to boost carbon removal startups in the next few years.

Some must-pass measures like the farm bill reauthorization could also offer fertile ground (pun intended) for bipartisan action, such as boosting clean energy in rural areas and climate-friendly forestry practices like carbon sequestration.

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Republicans are so over Wall Street
GOP lawmakers, who will be in the House majority come January, want to send a message to big financial firms: Stop appeasing the left with “woke” business practices, keep financing fossil fuels and cut ties with China, write Zachary Warmbrodt and Sam Sutton.

Lawmakers are singling out major asset managers and their Washington trade groups as targets because of climate investing practices that Republicans see as hostile to oil, gas and coal. READ MORE

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