Bloomberg Tax
July 28, 2022, 2:40 PM

Manchin Wins Big Nods to Oil in Deal Ending Logjam on Climate

Ari Natter
Ari Natter
Bloomberg News
Jennifer A. Dlouhy
Jennifer A. Dlouhy
Bloomberg News

The breakthrough spending deal reached by Senators Joe Manchin and Chuck Schumer would commit a historic $370 billion to combat climate change through clean energy tax credits, a green bank and incentives to plug methane leaks.

But it comes at a cost that some green activists are finding impossible to accept: More oil and gas lease sales on public lands and waters.

The measures, outlined late Wednesday in the 725-page spending bill, require the sale of drilling rights in the Gulf of Mexico and Alaska. The bill would also make new renewable power projects on federal land and water contingent ...

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