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US prospects for permitting overhaul dwindle
Oil and business groups' hopes that the US Congress could fast-track permitting this year are rapidly fading, with Republicans consumed by infighting and a key Democrat openly flirting with a presidential run. The prospect of meaningful permitting legislation passing this year was always a long shot, given deep divides on the issue and the current split in the control of Congress. But industry hoped a deal could arise, with Democrats trying to fast-track clean energy projects funded by the Inflation Reduction Act (IRA) and Republicans seeking to remove obstacles to new fossil fuel infrastructure. Permitting reform ... (full story)
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- Posted: Nov 20, 2023 4:54pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 66
