Connections – Continuous support of Joe Manchini with oil, gas and coal

An investigation into fossil fuels industry relations is underway in the wake of the turmoil over the most important climate law in the United States – West Virginia Senator Joe John Machin.

Central Democrat Mancini opposes key billions of dollars in reconciliation, which would reduce global warming and prevent global and global warming. In a balanced Senate, Democrats want all Republicans who refuse to vote on climate change to vote for their 50 senators.

The law will permanently retire the coal industry that once served as the backbone of the West Virginia economy and will continue to provide adequate financial support to Manchin, who has spent the last four decades in his native Apalchian country. State, Governor and now US Senator.

A chart showing Joe Manchini has received the largest donation in a number of energy sectors

In the current election cycle, Manchini has received more political donations from the oil and gas industry than any other senator, doubling the number of recipients. He is the No. 1 beneficiary of the coal mining sector, manages the funds received from gas pipeline operators, and is the sixth largest donor of electrical utilities.

The size of this industry has led to allegations that senators have been unfairly hurt by companies that have helped alleviate the climate crisis. Your office did not respond to a request for comment.

But Manchin’s connection to the fossil fuel industry is deeper than political donations. Manchin first worked in the family furniture and carpet business. In 1988, he founded a coal-mining company called Iniescence, where he worked until he became a full-time politician.

Most of your Manchini assets are in the coal broker company stock

Although Mancini handed over control of the Enersystems to his son Joseph, Manchin’s connection to the business was fruitful for the senator. The shares in Enersystems are worth between $ 1 million and $ 5 million, according to the latest financial statement. Coal brokers represent 71% of your investment income and one-third of total net worth.

The settlement bill includes a major expansion of tax support for clean energy and electric vehicles and new restrictions on methane, strong greenhouse gas, but the core of climate measurement is the so-called clean electrical performance program (CEPP). The $ 150 billion program will use fees and penalties over the next decade to incentivize the use of fossil fuels.

The program, with clean energy tax credits, is “the best blow in a generation to complete the clean energy transition and reduce fossil fuels in marginalized communities,” said Patrick Drop, deputy director of the Sera Club. .

He called the bill “unreasonable” and said it “makes no sense” to pay for utilities to increase their share of renewable energy. Although any utilities in the United States add solar, wind and other clean energy sources to speed up emissions to prevent climate change.

“His statement is clearly false. Utilities are not growing fast, certainly not renewable in West Virginia, ”said Robbie Orvis, senior director of energy innovation design for energy innovation. The relationship with the coal industry is no secret. One hopes that one elected to Congress will not hold significant financial holdings in industries that you think will control, but that system we are in, unfortunately.

Recent Analysis of Energy Innovation CPP The law is a “carbon reduction lynchpin”, which represents about one-third of the emissions from the bill. “It’s really unfortunate that CEP is no longer on the table,” said Orvis. But this bill still results in significant reductions in greenhouse gas emissions, and will do a lot. There may be a way to fill in the gaps left by the CEPP. ”

Planned Release Reduction for Better Programs by 2030 Back

A.D. It was discovered by Rodium Group on Tuesday, with up to 2.3 billion tons of emissions yet to be achieved.

“The U.S. 2030 climate target could reach even more limited policy package than Congress,” said John Larson, director of the Radium Group. But he added: “The United States and the world have no time or place to err on the side of climate change.”

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