US Economy

TL/DR - U.S. Sen. Ted Cruz has introduced a bill seeking to repeal the Natural Gas Tax included in President Biden's Inflation Reduction Act, arguing that it would increase costs for energy customers and add an additional load on American families already battling inflation. The proposed legislation specifically aims to remove a new fee imposed…

TL/DR - Senator Ted Cruz is introducing a bill to repeal the 'natural gas tax' in the Inflation Reduction Act (IRA), which allows the Environmental Protection Agency to impose fines on energy companies that emit more methane than permitted. The bill is supported by several organizations, including the Independent Petroleum Producers of America…

TL/DR - European governments have approved the Net Zero Industry Act (NZIA) to prevent falling behind the US and China in clean energy technology. This legislation redirects EU funding to increase manufacturing capacity of net-zero technologies, with the goal of meeting 40% of domestic demand by 2030, and to ensure a global market share in all…

TL/DR - Sen. Jon Tester has sought clarification on the effects of the EPA's Mercury Air Toxic Standards (MATS) rule on Colstrip 3 & 4 and Montana consumers. Using Xcel Energy's closure of its 680-MW Sherco unit and the subsequent replacement with solar generation and long-duration energy storage as a comparison, the article suggests that…