Bill Gates-led, billionaire-backed energy org ramped up lobbying ahead of Manchin-Schumer climate deal
Fox News
Breakthrough Energy, founded by Bill Gates and backed by several other billionaires, increased its lobbying activity leading up to the Schumer-Manchin "Inflation Reduction Act" deal.
During the second quarter – when talks reportedly stalled on the bill – Breakthrough Energy LLC upped its lobbying endeavors by pushing $390,000 into its influence campaign, which included President Biden's Build Back Better Act, the disclosures show. This amount was $100,000 more than the company had spent on lobbying in any previous quarter since last summer.
The Manchin-Schumer deal, known as the Inflation Reduction Act, is a slimmed-down version of Biden's Build Back Better Act. It will cost an estimated $433 billion, most of which will be invested in climate provisions while increasing tax revenue by an estimated $739 billion.
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