Republican-Sponsored Energy Bill Passes The House ...Middle East

OILPRICE - Economy
Republican-Sponsored Energy Bill Passes The House
source : OILPRICE ( Middle East ) () 37
A Republican sponsored energy bill passed the House on Thursday that seeks to promote oil and gas production in the United States, as well as repeal parts of Biden's Inflation Reduction Act. H.R. 1 passed the House by a 225-204, according to Bloomberg, although it must now face a seemingly insurmountable hurdle in the Senate and President Biden's desk. The elements of the Republican-backed bill include: Repealing the first-time fee on methane emissions Rolling back the fees for oil and gas industries that were included in the Inflation Reduction…

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