Using your money for the climate scam
US launches $20 billion in ‘green bank’ programs to curb climate change
The U.S. Environmental Protection Agency on Friday launched two competitive grant programs with $20 billion in funding that aim to spark clean energy investments across the country especially in low-income communities.
The programs, part of the overall $27 billion Greenhouse Gas Reduction Fund established by President Joe Biden’s Inflation Reduction Act (IRA) last year, are the latest move by his administration to support projects that reduce planet warming emissions.
U.S. Vice President Kamala Harris said at an event in Baltimore that the investments would lower power bills for working families by making heating and cooling systems efficient. “We lower the cost of electricity, which means lower energy bills for working parents, so they have more money for groceries, and home repairs, and school supplies,” Harris said.
The $14 billion National Clean Investment Fund will provide grants to two or three national clean financial institutions, enabling them to partner with the private sector to provide financing to tens of thousands of clean technology projects nationwide, the White House said.
A $6 billion Clean Communities Investment Accelerator competition will provide grants to support up to seven nonprofit groups that will deliver funding and technical assistance to build the clean financing capacity of local lenders working in lower-income and disadvantaged communities.
In other words, this is a) a taxpayer funded giveaway to entice these poor folks in deep Blue urban areas to vote Democrat and b) it’s going to jack up the cost of heating and cooling systems. You may save more on electricity, but, you’ll pay a lot more for the units.
The non-profit green banks help reduce risk of projects in lower-income communities by providing a financial backstop and help attract private sector investment.
If there was profit in it those private sector investors would already be doing this. Yet, they mostly don’t, because they know they will lose money.
Let’s Go Brandon.
Another couple of “non-profits” cashing in with taxpayer money.
#TrustUs
#ForYourOwnGood
Bwaha! Lolgf
$519 billion in tuition forgiveness then a $20 billion “green bank”. The democommies are going to pay off the entire population before the next election. They really are the best scammers and the most corrupt party since the nazis.
and how much will find its way back to the DNC?