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The Inflation Reduction Act invests $369 billion in climate solutions and environmental justice, aiming for a 40% emissions reduction by 2030. Key investments include $60 billion for clean energy manufacturing, billions for zero-emission transportation (including the US Postal Service fleet and port equipment), and over $20 billion for sustainable agriculture. The law also provides consumer incentives, such as a 30% tax credit for residential solar and up to $7,500 for electric vehicles. However, the document notes critical compromises, including tax credits for carbon capture and sequestration and mandates to offer Gulf of Mexico and Alaska lands for oil and gas development.

The Galveston Bay Foundation has utilized millions of dollars in grants from the National Fish and Wildlife Foundation and NOAA to restore wetlands in the Dollar Bay and Moses Lake regions. These efforts, including the construction of breakwaters and marsh terraces, aim to mitigate the effects of sea level rise—which has risen over 27 inches in the area over 120 years—and protect communities from storm surges. The project also demonstrates how federal investment can catalyze private land conservation, though the requirement for local matching funds remains a barrier for some underserved communities.

The testimony asserts that CCUS is not a viable climate solution, citing its failure to meet capture targets, high costs compared to renewables, and the risk of increasing lifecycle emissions. It highlights that most captured carbon is used for Enhanced Oil Recovery (EOR), which produces more CO2 than it captures. The author warns of significant safety risks from CO2 pipelines and the environmental dangers of offshore storage in the Gulf of Mexico, where legacy oil and gas wells increase the likelihood of leaks and ocean acidification.

In late January 2022, a federal judge revoked a Biden administration oil and gas lease sale offering over 80 million acres in the Gulf of Mexico. The court ruled that the Department of Interior failed to adequately assess the climate impacts of the drilling. The sale was challenged by a coalition including Friends of the Earth and Earthjustice, who argued that the project would exacerbate systemic racism in frontline communities and threaten endangered species such as Bryde’s and Rice’s whales.

A case study on the legal challenge 'Friends of the Earth v. Haaland', where plaintiffs alleged that the Biden administration violated the National Environmental Policy Act (NEPA) and the Administrative Procedure Act (APA) by reinstating a lease sale for oil and gas production in the Gulf of Mexico based on outdated environmental analysis.

A U.S. court vacated a massive offshore oil and gas lease sale in the Gulf of Mexico, ruling that the Bureau of Ocean Energy Management (BOEM) acted arbitrarily by failing to provide a quantitative estimate or specific explanation regarding downstream greenhouse gas emissions from reduced foreign consumption in its 'no-go' alternative analysis.

The Private Equity Stakeholder Project supports the Stop Wall Street Looting Act to curb the negative impacts of the private equity industry. The organization highlights that private equity assets grew from less than $1 trillion in 2004 to over $7.5 trillion, often utilizing high debt levels that are shifted onto acquired companies. The document asserts that this model leads to job losses, substandard healthcare, and the funding of fossil fuel infrastructure, specifically noting $1.1 trillion invested in energy assets since 2010.

A coalition of environmental organizations requests that the U.S. Department of the Interior and BOEM halt Lease Sale 257 or perform a supplemental NEPA review. They contend that previous environmental impact statements from 2016 and 2017 are obsolete, failing to account for current climate science, the shift toward deepwater drilling, threats to newly listed endangered species, and the impacts of offshore fracking and pipeline failures. The authors argue that the lease sale, which could produce 1.12 billion barrels of oil and 4.2 trillion cubic feet of natural gas, is inconsistent with President Biden's climate and environmental justice goals.

The World Resources Institute (WRI) asserts that new voter suppression laws in 17 U.S. states undermine democracy and hinder environmental justice. The text links the disenfranchisement of Black and Latino voters to a lack of representation in decisions regarding climate change and pollution, noting that these communities are more likely to live near polluting facilities and express higher levels of alarm regarding the climate crisis.

The document highlights the financial backing of Pemex by global banks and investors following a pipeline leak and fire in the Gulf of Mexico. It criticizes Pemex's plans to expand production by 2050 and calls for the financial sector to end support for oil and gas expansion, particularly high-risk offshore drilling, ahead of COP 26.

The document details the 'externalities' of fossil fuels—costs not reflected in market prices—across climate, environmental, and health dimensions. It highlights significant U.S. impacts, including $606.9 billion in extreme weather costs (2016-2020) and 350,000 premature deaths in 2018. It also emphasizes the disproportionate burden on communities of color and low-income areas, such as 'Cancer Alley' in Louisiana. Proposed policy solutions include eliminating subsidies, increasing the social cost of carbon, implementing a federal clean electricity standard, and establishing carbon pricing.

The document highlights the financial losses and legal challenges facing The Blackstone Group due to its extensive fossil fuel portfolio, noting bankruptcies of held companies and significant value drops in its private equity portfolio in early 2020. Despite these risks and community opposition, Blackstone continued to expand its energy holdings in April 2020 through the acquisition of Tallgrass Energy and a stake in Energy Transfer Partners. The text also details environmental violations linked to Blackstone's investments, including a major crude oil leak in the Gulf of Mexico and permit violations involving the Rover Pipeline.

The Centre for Environmental Rights (CER) submits that the draft Upstream Petroleum Resources Development Bill, 2019 is deficient in its approach to the climate crisis and community welfare. The CER argues that gas exploration and production pose severe risks to climate, air, water, and marine environments, and that the Bill's consultation processes are 'woefully inadequate'. Furthermore, the CER criticizes the lack of a robust Social and Labour Plan (SLP) framework to ensure benefits reach affected communities, noting that a proposed 20% state carried interest is an insufficient substitute for local development. The submission also calls for stronger administrative penalties to ensure corporate compliance with environmental laws.

The report details Blackstone's extensive portfolio of oil, gas, and coal assets, highlighting a pattern of environmental violations and community opposition. It contrasts Blackstone's strategy with a broader trend of declining investor appetite for fossil fuels and notes the firm's political contributions to the Trump administration, which rolled back environmental regulations.

The 2020 Atlantic hurricane season was predicted to be more active than normal due to warmer-than-average water temperatures in the Atlantic and Gulf of Mexico and ENSO-neutral conditions. While climate change may not increase hurricane frequency, it is linked to a 25-30% increase in Category 4 and 5 storms per degree Celsius of warming, more rapid intensification, increased rainfall, and higher storm surges driven by rising sea levels.

The report analyzes the link between synthetic nitrogen fertilizer use in the Midwest and the formation of a hypoxic 'dead zone' in the Gulf of Mexico. It estimates that agricultural nitrogen losses have caused between $552 million and $2.4 billion in annual damages to Gulf fisheries and marine habitat ecosystem services since 1980. The authors argue that shifting to sustainable agricultural practices—such as cover cropping and conservation tillage—can reduce these losses, providing a significant return on investment by restoring marine productivity and improving soil resilience for farmers.

The Union of Concerned Scientists (UCS) reports that 88 major carbon producers contributed more than half of the increase in ocean acidification and about half of the global temperature rise from 1880 to 2015. The document highlights that these companies, including investor-owned firms like ExxonMobil and Chevron, were aware of the climate risks of their products as early as 1965 but engaged in campaigns to sow doubt. It argues that these entities should be held financially responsible for climate-related damages, such as the $2 billion in additional costs attributed to sea level rise during Hurricane Sandy in New York City.

The document highlights the critical role of soil health in the US food system and the negative impacts of decades of short-sighted farm policies. It details the economic and environmental costs of soil erosion and degradation, including water pollution and increased vulnerability to extreme weather. The brief proposes a transition to practices such as cover cropping and no-till farming to sequester carbon and improve resilience, while recommending specific policy shifts in financial incentives, research funding, and technical assistance.

The document advocates for the integration of nature-based solutions (NbS)—including green and natural infrastructure—into U.S. national infrastructure planning. It highlights that NbS are often more cost-effective and resilient than traditional 'gray' infrastructure, providing significant benefits in flood mitigation, heat reduction, and carbon sequestration. The text provides specific economic data on the cost-savings of living shorelines and green storm drainage systems compared to concrete alternatives, while emphasizing the co-benefits of improved water quality and public health.

The briefing highlights a coastal sediment crisis in the Gulf of Mexico caused by human activity for the navigation industry. It outlines current state-level sediment efforts in Louisiana, Florida, Alabama, Texas, and Mississippi, and identifies the US Army Corps of Engineers (USACE) districts in Jacksonville, Mobile, and Galveston as regional leaders in RSM. To improve resilience, the author recommends that Congress reform the USACE 'federal standard' of least cost disposal, update Benefit-Cost-Ratio (BCR) calculations, support legislation like the Living Shorelines Act and Coastal Communities Adaptation Act, and shift toward sustained upfront federal investment rather than relying on post-storm funding.