"One Big Beautiful Bill Act" reverses some clean energy provisions, boosts fossil fuel development

The “One Big Beautiful Bill Act” marks a pivotal moment in U.S. energy legislation, signaling a decisive shift back toward traditional fossil fuel development.   While the Inflation Reduction Act of 2022 ushered in a new era for clean energy, the Act revises some of the IRA provisions and clears the way for renewed oil and gas production on federal lands and waters.   The implications of this are broad and immediate. In a new insight, Peter Hansen and Chris Girouard highlight the 5 most important changes, including reversed royalty rates, mandated lease sales, and accelerated environmental reviews.   Click the link below to read more: https://lnkd.in/eKuWa9wW   #EnergyTransition #Environment #FossilFuels #NaturalGas