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Landmark US climate bill will do more harm than good, groups say

Added 08-09-22 08:09:02am EST - “Bill makes concessions to the fossil fuel industry as frontline community groups call on Biden to declare climate emergency” - Theguardian.com

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Posted By TheNewsCommenter: From Theguardian.com: “Landmark US climate bill will do more harm than good, groups say”. Below is an excerpt from the article.

Bill makes concessions to the fossil fuel industry as frontline community groups call on Biden to declare climate emergency

The landmark climate legislation passed by the Senate after months of wrangling and weakening by fossil-fuel friendly Democrats will lead to more harm than good, according to frontline community groups who are calling on Joe Biden to declare a climate emergency.

If signed into law, the Inflation Reduction Act of 2022 (IRA) would allocate $369bn to reduce America’s greenhouse gas emissions and invest in renewable energy sources – a historic amount that scientists estimate will lead to net reductions of 40% by 2030, compared with 2005 levels.

It would be the first significant climate legislation to be passed in the US, which is historically responsible for more greenhouse gas emissions than any other country.

But the bill makes a slew of concessions to the fossil fuel industry, including mandating drilling and pipeline deals that will harm communities from Alaska to Appalachia and the Gulf coast and tie the US to planet-heating energy projects for decades to come.

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