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Manchin Wins Big Nods to Oil in Deal Ending Logjam on Climate - Bloomberg
The breakthrough spending deal reached by Senators Joe Manchin and Chuck Schumer would commit a historic $370 billion to combat climate change through clean energy tax credits, a green bank and incentives to plug methane leaks.
Related Knowledge Center: ENERGY BASICS: fossil fuels
State of Play
Fossil fuels — coal, oil and natural gas, primarily — remain the dominant energy sources for much of the world, with their accompanying infrastructure of mines, drilling and production wells, pipelines and various forms of transportation. But they have become more problematic as governments struggle to address climate change and pivot to energy sources that do not result in carbon dioxide emissions.