S&P Global 3/5/2021
Highlights
Reverse Keystone XL cancellation: Manchin
Shutting production doesn't end demand: Murkowski
Energy industry under assault: Cornyn
Wrapping up the final day of the annual CERAWeek by IHS Markit conference, several US lawmakers outlined legislative priorities pertaining to the energy sector, ranging from critical minerals development to mitigating cybersecurity threats.
Speaking March 5 at CERAWeek, US Sen. Joe Manchin, D-W.Va., the new chairman of the Senate Energy and Natural Resources Committee, said the US must "challenge" itself to produce cleaner energy but noted that the transition must not leave workers behind or threaten the country's energy security. With Democrats holding a narrow majority in the US Senate, the moderate fossil fuel-state lawmaker's support will be critical to any climate proposal Democrats want to advance.
"My main goal is to make sure that we remain energy independent in America," Manchin said. "I think it's very important for us. And that means an all-of-the-above energy portfolio."
To balance those interests, Manchin and Sen. Debbie Stabenow, D-Mich., recently introduced legislation that would amend an advanced energy manufacturing tax credit to direct investment to communities that have been hurt by the transition away from coal-based electric generation. If passed, the bill would provide $8 billion for new facilities that make or recycle energy-related products, with half that money going to formerly coal-reliant communities that have not previously benefited from the tax credit.
More:
https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/030521-ceraweek-us-lawmakers-dismiss-oil-leasing-pause-tout-energy-independence