• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Iconic fast-food fried chicken chain closes over 300 restaurants

August 23, 2026

Elon Musk is Reportedly Pouring Hundreds of Millions Into the Midterms to Help Republicans Win * The Gateway Pundit * by Mike LaChance

August 23, 2026

Dems ‘Have to’ Say Israel Guilty of Genocide ‘Just Like You Used to Have to Say I Want to Defund the Police’

August 23, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Sunday, August 23
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Elon Musk is Reportedly Pouring Hundreds of Millions Into the Midterms to Help Republicans Win * The Gateway Pundit * by Mike LaChance

    August 23, 2026

    “Los Angeles Wants to Build Homeless ‘LOVE SHACKS’ for ‘Private Sexual Relief’” (Video) * The Gateway Pundit * by Margaret Flavin

    August 23, 2026

    As Anniversy of Charlie Kirk’s Assassination Approaches, Ghoulish Hasan Piker Mocks His Murder at Event * The Gateway Pundit * by Margaret Flavin

    August 22, 2026

    How to Legally Stiff-Arm Interest Charges for Almost Two Years and Pocket Thousands Like a Boss * The Gateway Pundit * by Promoted Post

    August 22, 2026

    How Important Are the Upcoming November Elections? * The Gateway Pundit * by Guest Contributor

    August 22, 2026
  • Health

    Ambient AI And The Next Frontier

    August 23, 2026

    Cannabis Use Disorder Is Rising— Public Health Needs To Catch Up

    August 21, 2026

    New clues emerge in direction of RFK Jr.’s vaccine policy changes

    August 21, 2026

    Ebola vaccine, Meta glasses, prostate cancer: Morning Rounds

    August 21, 2026

    What We Can Learn From Taiwan And Egypt About Ending Endemic Disease

    August 21, 2026
  • World

    King Charles I’s Lost Treasure-Laden Ship Possibly Found

    August 23, 2026

    Fox News Host Dismantles JD Vance Rally Speech Point By Point

    August 23, 2026

    Archeologists May Have Found City with Ties to Biblical Exodus

    August 23, 2026

    Nancy Kassebaum Baker, Former U.S. Senator From Kansas, Dies At 94

    August 23, 2026

    Russia Kills 16+ in Kyiv With Ballistic Missile Barrage

    August 22, 2026
  • Business

    ATF Rule Could Cause Classic Showdown Between Mom And Pop Shops Versus Online Retailers

    July 10, 2026

    Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)

    July 9, 2026

    The Agency Elizabeth Warren Built Now Advances Trump’s Agenda

    July 9, 2026

    Meta To Shell Out Billions For New AI Data Center Outside US

    July 9, 2026

    How Big Banks Are Scheming To Jack Up Your Fees

    July 8, 2026
  • Finance

    Iconic fast-food fried chicken chain closes over 300 restaurants

    August 23, 2026

    Best CD account earns 4.35% APY

    August 23, 2026

    The 30-Year Treasury Now Out-Yields Dividend Stocks by 2.2 Points. History Says What Followed the Last Time.

    August 22, 2026

    Active ETFs Now Take 42% of Every Dollar Flowing Into ETFs, Up From 26% in 2024

    August 22, 2026

    TSMC’s $100 Billion Arizona Expansion Shows The Stock Is a No-Brainer Buy

    August 22, 2026
  • Tech

    Celebs Say They’re Getting Scammed by Fake Podcast Bookings

    August 23, 2026

    Gaming Giant Roblox Says Teen Suicide Victim Waived Right to Sue When She Was Just 8 Years Old

    August 23, 2026

    Trump Explains His Support for AI Data Centers: Job Creation, Lower Taxes

    August 22, 2026

    Tech Giants Scramble to Calm Public Anger over AI Data Centers

    August 22, 2026

    TikTok Agrees to $400 Million Settlement over Child Privacy Violations

    August 22, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Analysis: US debt deal’s energy permitting reforms leave thorniest issues for later
Business

Analysis: US debt deal’s energy permitting reforms leave thorniest issues for later

May 31, 2023No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

[1/2] A newly installed pole for transmission lines for the New England Clean Energy Connect project (also known as the Clean Energy Corridor), which will bring hydroelectric power to the New England power grid, stand next to existing power lines in Moscow, Maine, U.S., October 7, 2021. REUTERS/Brian… Read more

WASHINGTON, May 30 (Reuters) – The bipartisan U.S. debt deal’s provisions to speed up energy infrastructure permitting will make it easier to build fossil fuel and clean energy projects but failed to tackle the mammoth issue of building transmission and pipelines needed to get their production to consumers.

The Biden administration said the deal, announced over the weekend, would for the first time in years update the National Energy Policy Act, the decades-old law that guides the environmental permitting of major projects, to ensure its impact studies do not exceed two years.

That news cheered energy industry representatives that have long complained that NEPA studies are a huge headwind to fossil fuel and clean energy developments alike, often taking more than five years to complete.

Jason Grumet, president of American Clean Power, a renewable energy lobby group, said the debt ceiling agreement is an “important down payment on much-needed reforms to improve the efficiency of the permitting process.”

Fossil fuel industry groups like the Interstate Natural Gas Association of America and American Exploration and Production Council also called the deal a good first step toward reforming energy permitting.

“This bill sets the stage for more comprehensive permitting reform and is a positive step toward modernizing our permitting system and streamlining the bureaucratic process, which has been holding back America’s ability to build energy infrastructure for decades,” said Anne Bradbury, CEO of AXPC.

See also  Jen Psaki Calls Out Marjorie Taylor Greene For Praising Biden Green Energy Jobs She Voted Against

The debt deal, however, left out some proposals that some energy groups had hoped for, including a measure that would have addressed electric transmission woes by requiring U.S. regions to have the capacity to transfer at least 30% of their peak electricity demand between each other.

Expanding power transmission is seen as crucial to President Joe Biden’s climate change agenda because it would allow far flung solar and wind energy projects, recently turbocharged by major legislation, to link their power to the grid.

Meanwhile, oil and gas companies and representatives of fossil fuel producing states, want their pipeline and other infrastructure projects to move more swiftly through the permit process instead of facing lengthy reviews and numerous legal challenges.

Building transmission lines and pipelines is also hard because local communities often do not want the projects, and federal and state authorities lack the power to easily overcome that opposition.

Instead, the deal orders a study by  the North American Electric Reliability Corporation to assess how much transfer capacity is needed to strengthen grid reliability, something that would likely take two and a half years to get to Congress.

The deal also left some other thorny issues for future discussions, such as unlocking barriers to the siting and construction of new transmission projects that can enable fast deployment of renewable energy and judicial reform to prevent projects from being stalled during litigation.

Grumet said such reforms were crucial to build out the $150 billion investment in new clean energy projects announced over the last nine months since the passage of the Inflation Reduction Act, Biden’s landmark climate law.

See also  Costco Opens In Napa, Breaks Wine Record In The Process

“I think both sides want to come back to the table. I think it’s one of those cases where cases where there are ways to get what you want and give the other side something that is not something you totally hate,” said Xan Fishman, energy policy and carbon management director at the Bipartisan Policy Center.

House Speaker Kevin McCarthy said on Tuesday that Republicans will continue to work with Democrats to pursue broader permitting reform – including pipelines and transmission.

“We will continue working with (the White House) and with Democrats across the way because we need energy — all forms of energy, especially for our grid to double in the next future,” he said.

PIPELINE CONTROVERSY

The energy industry also welcomed the surprise inclusion of expediting permitting of the controversial Mountain Valley Pipeline, a pipeline that would carry gas produced in the Appalachian region championed by Democratic West Virginia Senator Joe Manchin, whose vote is often needed since the Democrats hold a thin majority in the Senate.

But it has angered environmentalists and some Democrats.

Virginia Senator Tim Kaine, for example, whose state it would run through, is floating amendments to remove it from the final bill and green groups are planning protests around it.

Some other Democrats were more broadly upset by the debt deal’s energy provisions.

“Moving forward, I urge my colleagues to see Republicans’ never-ending attack on NEPA for what it is — a decades-old, industry-funded partisan attack that hurts all of us, but especially poor people and people of color. Once again, polluter profit is the point,” said Raul Grijalva, the top Democrat on the House natural resources committee.

See also  Jim Harbaugh's Lawyer Issues Statement Amid Sign-Stealing Accusations

ClearView Energy Partners, a nonpartisan research group, said that Democrats could push for more concrete measures on transmission reform in future legislation, but said it could be hard without a catalyst, such as a major infrastructure failure that regulators traced to permitting delays.

Reporting by Valerie Volcovici and Timothy Gardner
Editing by Marguerita Choy

: .

Valerie Volcovici

Thomson Reuters

Valerie Volcovici covers U.S. environment and energy policy from Washington, DC. She is focused on climate and environmental regulations at federal agencies and in Congress. She also covers the impact of these regulatory changes across the United States. Other areas of coverage include plastic pollution and international climate negotiations.

Analysis deals debt energy issues leave permitting Reforms thorniest
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

JD Vance Blames Biden For $40 Trillion U.S. Debt Crisis

August 22, 2026

Silver opens higher on Treasury’s news of increased debt buybacks

August 21, 2026

America’s growing debt pile will be the big focus Wednesday as global bond rout deepens

August 19, 2026

Bonds squeeze Main Street as Wall Street waits on Warsh — Analysis

August 18, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Morgan Stanley to open its wealth management funnel to agents

June 3, 2026

Michael Cohen Warns Trump Co-Defendant Walt Nauta

July 7, 2023

Oil prices jump but post third straight weekly fall on economic woes

May 6, 2023

Why Foodborne Illnesses Keep Occurring

August 10, 2026
Don't Miss

Iconic fast-food fried chicken chain closes over 300 restaurants

Finance August 23, 2026

The fast-food fried chicken space has several contenders vying for the throne. Chick-fil-A has been…

Elon Musk is Reportedly Pouring Hundreds of Millions Into the Midterms to Help Republicans Win * The Gateway Pundit * by Mike LaChance

August 23, 2026

Dems ‘Have to’ Say Israel Guilty of Genocide ‘Just Like You Used to Have to Say I Want to Defund the Police’

August 23, 2026

Celebs Say They’re Getting Scammed by Fake Podcast Bookings

August 23, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,399)
  • Entertainment (6,422)
  • Finance (4,697)
  • Health (2,776)
  • Lifestyle (1,921)
  • Politics (4,330)
  • Sports (5,127)
  • Tech (2,548)
  • Uncategorized (4)
  • World (6,554)
Our Picks

What to Do With a $250K Inheritance

July 26, 2026

Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe

June 8, 2023

Parades for Erdogan Spark Diversity Fears for Progressives

June 2, 2023
Popular Posts

Iconic fast-food fried chicken chain closes over 300 restaurants

August 23, 2026

Elon Musk is Reportedly Pouring Hundreds of Millions Into the Midterms to Help Republicans Win * The Gateway Pundit * by Mike LaChance

August 23, 2026

Dems ‘Have to’ Say Israel Guilty of Genocide ‘Just Like You Used to Have to Say I Want to Defund the Police’

August 23, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.