The House on Friday passed the Senate-approved Inflation Reduction Act of 2022 (IRA) by a margin of 220-207, clearing the way for President Biden to sign the landmark climate and energy bill into law. 

Methane Emissions

The legislation includes investing an estimated $370 billion to decarbonize domestic energy and transport sectors, and it targets a roughly 40% reduction in greenhouse gas (GHG) emissions below 2005 levels by 2030.

Vice President Kamala Harris, the deciding vote in the 51-50 Senate passage, touted the potential impact to lower emissions and create jobs.

[Market Moves: What is affecting the natural gas market today? From the LNG pause to climate goals, get the latest on what is top of mind for the energy industry. Tune in to NGI’s podcast now.]

“We will make the largest...