Montana -- President Biden signed the Inflation Reduction Act (IRA) today, solidifying the nation's largest climate investment ever. Early analysis of the bill shows the bill could help the U.S. cut greenhouse gas emissions 40 percent from 2005 levels by 2030. Read more here.
A few key highlights of the bill that affect Montana include:
Boston – Today, Mayor Michelle Wu announced that she will file a home rule petition that will allow Boston to set building standards eliminating the use of fossil fuels in new buildings and major renovations. The petition would include the city of Boston in the state’s 10-municipality pilot program recently enacted in Bill H.5060, An Act driving clean energy and offshore wind. The pilot allows cities and towns to develop local ordinances that restrict or prohibit the use of fossil fuels in new buildings or major renovation projects, including through building permitting.
WASHINGTON, DC -- This afternoon, President Biden signed into law the Inflation Reduction Act (IRA) of 2022, a critical and long-awaited step forward on our path to a 100% clean energy future. This landmark package — the largest climate investment in American history — will invest billions of dollars in tax credits and other programs that could reduce carbon emissions by 40% from 2005 levels by the end of the decade.
In response, Sierra Club President Ramon Cruz released the following statement:
As the Securities and Exchange Commission (SEC) closes a comment period on two proposed rules that would create a standard framework for funds classified as environmental, social, and governance (ESG), advocacy groups today called on the agency to adopt stricter standards for the fastest-growing investment asset sector in the world.
La Cámara de Representantes aprobó hoy la mayor inversión en el clima y la energÃa limpia en la historia de Estados Unidos, enviando la Ley de Reducción de la Inflación al escritorio del Presidente Biden para su ratificación.
Great Falls, MT – A federal judge in Montana District Court ruled today to reinstate a moratorium halting all coal leasing on federal lands until the Bureau of Land Management (BLM) completes a more sufficient environmental analysis.
Conservation groups and the U.S. Bureau of Land Management have finalized a legal agreement that will prevent new oil and gas leasing across 2.2 million acres of southwestern Colorado until the agency supplements its environmental analysis and releases an amended plan for lands in the area.
Boston — Today, Massachusetts Governor Charlie Baker signed into law ‘An Act driving clean energy and offshore wind.’ The law will expand clean energy development, transportation electrification, and building decarbonization measures to create good-paying jobs and help reach legally binding statewide emissions reduction targets of 50% by 2030.
Boston, MA - Last night, Governor Baker signed a transportation bond bill with over $11 billion in funding for a wide range of clean transportation projects, including making streets safer for biking and walking, investing in fare-free bus pilot programs, electrifying buses and commuter rail, cleaning up pollution from heavy-duty vehicles, building out electric vehicle charging infrastructure, promoting e-bikes as a replacement for car trips through rebates, and repair our bridges and roads.
The House passed the largest investment ever in climate and clean energy, sending the Inflation Reduction Act of 2022 (IRA) to President Biden’s desk for signing. This historic legislation directs $369 billion to over 100 programs that together will chart a path to reducing emissions by 40 percent by the end of the decade.