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Climate bill’s unlikely beneficiary: US oil and gas industry

FILE - A man wears a face mark as he fishes near docked oil drilling platforms, on May 8, 2020, in Port Aransas, Texas. While the Inflation Reduction Act concentrates on clean energy incentives that could drastically reduce overall U.S. emissions, it also buoys oil and gas interests by mandating leasing of vast areas of public lands and off the nation’s coasts. (AP Photo/Eric Gay, File) FILE - The sun sets at Chalmette refinery in Chalmette, La., located just over the Mississippi River levee May 3, 2020. While the Inflation Reduction Act concentrates on clean energy incentives that could drastically reduce overall U.S. emissions, it also buoys oil and gas interests by mandating leasing of vast areas of public lands and off the nation’s coasts. (David Grunfeld/The Times-Picayune/The New Orleans Advocate via AP) A thunderstorm passes between Midland and Odessa, Texas, just behind an array of pump jacks on Thursday, May 14, 2020. While the Inflation Reduction Act concentrates on clean energy incentives that could drastically reduce overall U.S. emissions, it also buoys oil and gas interests by mandating leasing of vast areas of public lands and off the nation’s coasts. (Eli Hartman/Odessa American via AP)