The U.S. oil and gas industry is openly lauding elements of a reconciliation package that includes historic renewable energy investments, a response likely to heighten climate advocates' wariness of the bill as Democrats look to push it through the Senate as soon as next week.
The legislation, whose scope and ambitions were dictated by fossil fuel industry ally Sen. Joe Manchin, D-W.Va., includes components "that are helpful to our business," Rich Walsh of Valero said during the fossil fuel giant's earnings call on Thursday, referring to tax credits in the 725-page bill that could benefit the company.
