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ARTICLE · 10 AUGUST 2022

This Week's Climate Policy Update (8 August 2022)

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Prior to August recess, the Senate passed a budget reconciliation package that features $369 billion in climate and energy spending.

United StatesEnvironment
Kenneth J. Markowitz
Kenneth J. Markowitz
Stacey H. Mitchell
Stacey H. Mitchell
Christopher Treanor
Christopher Treanor
Leila Fleming
Leila Fleming
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Prior to August recess, the Senate passed a budget reconciliation package that features $369 billion in climate and energy spending. In an effort to secure Sen. Sinema's (D-AZ) support of the Inflation Reduction Act, Senate Democrats agreed to include $4 billion in funding to address droughts in the West. In addition to the passage of the reconciliation package, Sen. Joe Manchin (D-WV) released a draft of environmental permitting reforms. In California, the United States District Court for the Central District of California Western Division settled a lawsuit between Gov. Gavin Newsom (D-CA) and the Bureau of Land Management. Finally, the Commodity Futures Training Commission has extended its request for information regarding climate-related financial risk.

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