Hope for negotiated US infrastructure deal
Ruling by parliamentarian means Biden plan could be passed by a reconciliation bill if needed
President Joe Biden’s energy transition plan came a step closer to passing into law last week when his administration received a supportive ruling from the Senate’s nonpartisan arbiter of rules, parliamentarian Elizabeth MacDonough. MacDonough ruled that the Congressional Budget Act of 1974 can allow for multiple reconciliation bills in one fiscal year. These bills allow budget-related items to pass with a simple majority rather than the two-thirds needed for other legislation. $174bn — Proposed investment in EV market This hands the Democrats power to push through Biden’s agenda by adding directives to the $1.9tn Pandemic Relief Bill passed in March. Biden’s proposed $2.25tn, eight-

Also in this section
30 November 2023
Negative pricing has become more frequent in European energy markets, and GB markets are now experiencing a similar increase
29 November 2023
Preparations underway for inclusion of cement, aluminium and steel producers in world’s largest compliance market by 2030
28 November 2023
European Commission earmarks cross-border projects for funding and fast-tracks carbon management strategy as pressure grows to kickstart CCS sector
27 November 2023
Progress in decarbonisation but significant challenges lie ahead