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
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30