It has been an election season for the history books, with the predicted red wave failing to materialize and Senate Democrats bucking the tradition of the party in power losing seats in the midterm. Republicans have clinched the majority in the House, though by a much slimmer margin than they hoped. At the same time, the Senate will remain under Democratic control, even with the Georgia race still being decided by a runoff election on December 6. Many questions remain about what shape energy, climate, and public lands policies may take in the newly divided Congress. Divided government will likely slow President Joe Biden’s climate agenda, but it’s not expected to bring it to a complete stop. The Biden administration has, until now, pursued a climate agenda based on huge levels of government spending, but Republicans enter the 118th Congress ready to enforce some fiscal restraint – and with runaway inflation and soaring debt, they likely have a voter mandate to do just that. There certainly won’t be a repeat of 2021’s infrastructure bill or this year’s Inflation Reduction Act. We expect to see more focus on increasing US energy production and permitting reform. Continue reading about the 118th Congress’ opportunity for energy freedom here. |