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The Coming Green Electricity Nightmare

Senator Joe Manchin (D-WV) wanted regulatory reform, in part to reverse some of the Biden Administration’s reversals of Trump-era reforms intended to expedite permits for fossil fuel projects. 

Majority Leader Chuck Schumer (D-NY) needed Manchin’s vote in the 50-50 Senate to enact his latest spending extravaganza, the Inflation Reduction Act, which was primarily a massive climate and “green” energy subsidy arrangement. It gives Schumer allies some $370 billion in wind, solar, battery, and other funding, tax credits, and subsidies. In exchange, Schumer would offer a path for Manchin’s reform bill. 

Manchin voted YEA and promptly got bushwhacked. Once he’d helped enact the IRA, he had zero leverage. Schumer, he discovered, had promised an opportunity, maybe a vote, but not actual support. House and Senate members told him, we weren’t part of your secret negotiations with Schumer; we didn’t shake hands on any deal; we don’t want easier permitting for drilling, pipelines, and LNG terminals that could help send US natural gas to Britain and Europe. 

In the end, it’s probably a good thing Manchin’s bill went nowhere. 

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