While welcoming U.S. House lawmakers’ passageThe Inflation Reduction ActClimate campaigners and progressive legislators said Friday that the $740billion bill was not sufficient to address the worsening climate emergency.
“Today, we celebrate the power of organizing,” Varshini Prakash, executive director of the youth-led Sunrise Movement, said after House lawmakers voted220-207 across party lines to pass Inflation Reduction Act.
The historic bill — which was passedIn the Senate earlier this Week and which President Joe Biden says he will sign into law next week — includes major investments in renewable energy development, a minimum tax on large corporations, and a landmark requirement for Medicare to directly negotiate the prices of some prescription drugs.
“But the science of the climate crisis does not grade on a curve — and it’s clear that the IRA is not enough,” she continued. “We need more from our government — and we need better leaders who will not let the fossil fuel industry stand in our way.”
“As Americans across the country suffer right now from record flooding, crippling droughts, and deadly heatwaves, we need President Biden, Congress, and elected officials at every level of office to treat this crisis like the emergency that it is,” Prakash added.
Today marks the passage by Congress of the largest climate investment made in American history. The bill is flawed, it’s the floor not the ceiling, & there are many fights ahead.
All the same, I can’t help but feel grateful for the journey that brought us here & so proud of what we have won together
— Varshini Prakash 🌅 (@VarshPrakash) August 12, 2022
Rep. Cori Bush (D-Mo.) said in a statement that she was “proud to vote in support of the Inflation Reduction Act, which will take historic and much-needed actions to address the climate crisis and make healthcare more affordable.”
To be clear, I don’t support certain provisions in the bill, including the dangerous expansion of fossil fuels, inadequate protections for environmental review and insufficient investments in environmental justice groups.
Despite the flaws, I believe this bill will have a profound impact on our ability and urgency to address the climate crisis. I will continue working with my House colleagues, as well with movement leaders, advocates, to mitigate any harm from any provisions expanding fossil fuels and to ensure that the best provisions are fairly distributed.
Robert Weissman, president and CEO of Public Citizen, an advocacy group for consumers, called Friday “a very good day for America,” lauding the IRA’s prescription drug relief and climate provisions in particular.
However, Weissman said that “there is an urgent need for much more aggressive and far-reaching measures to prevent climate chaos and to build on the Inflation Reduction Act’s down payment with far greater investments in and measures to advance environmental justice.”
BREAKING: The House approved the Inflation Reduction Act, which includes:
-Empower Medicare to negotiate certain drug prices
-15% minimum corporate tax rate
Stock buybacks subject to a -1% tax
Climate Change: The largest investment made to date
This is a good place to start. Let’s keep going. pic.twitter.com/WTTMQ8rw4m
— Public Citizen (@Public_Citizen) August 12, 2022
Weissman added that “there is a need to mitigate the harmful pro-fossil fuel measures” in the IRA, “including those which will concentrate pollution and ecological destruction on the Gulf South, Native American lands, and in communities of color.”
Food & Water Watch noted that “the legislation does not include any policies that require emissions reductions, and does not address measures to restrict fossil fuel development.”
While proponents tout the IRA’s $369 billion in climate and energy security investments, critics point to measure’s multibillion-dollar allocation for carbon capture — which Food & Water Watch’s Mitch Jones says exists “solely to extend the life of the fossil fuel industry” — as a major cause for concern.
Moreover, the legislation forces a continuation of fossil fuel leases — and enables future drilling in Alaska and the Gulf of Mexico — in exchange for expanding wind and solar energy production on federal lands.
Johanna Chao Kreilick, president of the Union of Concerned Scientists said that “this bill is not perfect. It contains some troubling provisions, including some that risk expanding fossil fuel extraction and use; and it doesn’t go far enough to remedy the myriad ways in which oil and gas companies are polluting low-income communities and communities of color.”
“The critical foundation the bill provides must be built upon to ameliorate those impacts, deepen U.S. emission reductions, and help communities become more resilient to climate change,” she stressed.