Diversified to Tap into $700M from Manchin’s High Inflation Law

Now we know why Diversified Energy liked Traitor Joe Manchin's sell-out Green New Deal law, also falsely referred to as the Inflation Reduction Act (see Some M-U Companies Like Manchin-Schumer High Methane Tax). It seems tucked into the bill is a taxpayer-funded giveaway of $700,000,000.00 (yes, $700 million) to be used for plugging old conventional oil and gas wells. It just so happens Diversified has built a new subsidiary, called Next LVL Energy, to do just that (see Diversified Energy Buys 3rd Well Plugging Co. – WV’s ConServ). NOTE: Please see an update and clarification immediately below.

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