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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessVoting Underway On GOP Energy Legislation HR1
The US House of Representatives is now voting on House Republican's flagship energy legislation HR1.
- WaPo: “The sprawling 175-page package, known as the Lower Energy Costs Act, would slash some environmental regulations and reinstate suspended oil and gas leases. It also would repeal parts of the Democrats’ landmark climate law, the Inflation Reduction Act.”
- The package is expected to pass the House with several Democrat lawmakers likely to vote in favour of the bill - notable as the past four HR1 bills (the title applied to the highest priority bill) have received entirely partisan votes.
- The White House and Senate Democrats have made it clear that the package will go no further than the House with President Biden lining up a veto in the event that Senate Democrats approve the bill.
- Senate Majority Leader Chuck Schumer (D-NY) said ahead of the vote: "HR1 is dead on arrival in the Senate, not because of politics, but because it's so ridiculous and has been drawn up by a bunch of pro oil senators of no regard for anything else. No Democrat has been consulted."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.