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Ahead of the August recess, the Senate passed a budget reconciliation package that includes $369 billion in climate and energy spending. In an effort to garner Sen. Sinema’s (D-AZ) support for the Cut Inflation Act, Senate Democrats agreed to include $4 billion in funding to address droughts in the West . In addition to passing the reconciliation package, Sen. Joe Manchin (D-WV) released a draft environmental permit reforms. In California, the United States District Court for the Western Division of the Central District of California settled a lawsuit between Governor Gavin Newsom (D-CA) and the Bureau of Land Management. Finally, the Commodity Futures Training Commission has extended its request for information regarding climate-related financial risks.
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