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.

[Look Ahead: In this episode of the Hub & Flow podcast, NGI and industry veteran Steve Blair dive into possible production cuts, supplies in storage, weather demand, Australian LNG strikes, war in Russia and more – setting the...