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August 14, 2021
A $1.2 trillion infrastructure package passed by the US Senate this week would funnel billions of dollars to the Department of Energy for projects battling climate change.
Microsoft co-founder Bill Gates on Thursday said his climate fund would pour $1.5 billion into projects with the United States if the government enacts a program to cut carbon emissions currently working its way through Congress.
A $1.2 trillion infrastructure package passed by the US Senate this week would funnel billions of dollars to the Department of Energy for projects battling climate change.
Continue:
https://www.gmanetwork.com/news/lif...te-help-if-us-takes-legislative-action/story/
The Most Bipartisan Part of the Infrastructure Bill: Corporate Welfare
August 18, 2021
The bipartisan infrastructure bill that just passed the Senate contains something that truly cuts across party lines: corporate welfare. The 2,700 pages of legislation are stuffed with freebies for the companies and causes adored by the political class, especially of the green variety. While supporters are selling the bill as a major investment in innovation, history and common sense indicate that taxpayers can expect very poor returns from these handouts.
The bill contains at least $21.5 billion for the U.S. Department of Energy to dole out to bureaucracy-approved initiatives. These include everything from hydrogen hubs to carbon capture to “clean manufacturing” and more. There’s $7.5 billion for electric-vehicle charging stations, another $7.5 billion for low-emission buses and ferries, and $73 billion to rebuild the electricity grid to carry wind and solar power. It throws a $6 billion lifeline to the nation’s struggling nuclear plants, which are being driven into bankruptcy by overregulation and decades of unrelenting subsidies lavished on less efficient types of green energy.
These are staggering sums, but the true total is surely higher. The word “grant” appears 2,115 times in the bill — nearly once per page — along with numerous references to taxpayer-backed loans and loan guarantees. Huge amounts of public money will soon be flowing into a select group of private hands.
Who will bestow this largesse? What will it fund? For the most part, the answer to the first question is Energy Secretary Jennifer Granholm. For a preview of the answer to the second question, look at Granholm’s record during her eight years as governor of Michigan, when she promised up to $12.6 billion in taxpayer dollars to politically favored companies.
Continue:
https://www.nationalreview.com/2021...of-the-infrastructure-bill-corporate-welfare/
A $1.2 trillion infrastructure package passed by the US Senate this week would funnel billions of dollars to the Department of Energy for projects battling climate change.
Microsoft co-founder Bill Gates on Thursday said his climate fund would pour $1.5 billion into projects with the United States if the government enacts a program to cut carbon emissions currently working its way through Congress.
A $1.2 trillion infrastructure package passed by the US Senate this week would funnel billions of dollars to the Department of Energy for projects battling climate change.
Continue:
https://www.gmanetwork.com/news/lif...te-help-if-us-takes-legislative-action/story/
The Most Bipartisan Part of the Infrastructure Bill: Corporate Welfare
August 18, 2021
The bipartisan infrastructure bill that just passed the Senate contains something that truly cuts across party lines: corporate welfare. The 2,700 pages of legislation are stuffed with freebies for the companies and causes adored by the political class, especially of the green variety. While supporters are selling the bill as a major investment in innovation, history and common sense indicate that taxpayers can expect very poor returns from these handouts.
The bill contains at least $21.5 billion for the U.S. Department of Energy to dole out to bureaucracy-approved initiatives. These include everything from hydrogen hubs to carbon capture to “clean manufacturing” and more. There’s $7.5 billion for electric-vehicle charging stations, another $7.5 billion for low-emission buses and ferries, and $73 billion to rebuild the electricity grid to carry wind and solar power. It throws a $6 billion lifeline to the nation’s struggling nuclear plants, which are being driven into bankruptcy by overregulation and decades of unrelenting subsidies lavished on less efficient types of green energy.
These are staggering sums, but the true total is surely higher. The word “grant” appears 2,115 times in the bill — nearly once per page — along with numerous references to taxpayer-backed loans and loan guarantees. Huge amounts of public money will soon be flowing into a select group of private hands.
Who will bestow this largesse? What will it fund? For the most part, the answer to the first question is Energy Secretary Jennifer Granholm. For a preview of the answer to the second question, look at Granholm’s record during her eight years as governor of Michigan, when she promised up to $12.6 billion in taxpayer dollars to politically favored companies.
Continue:
https://www.nationalreview.com/2021...of-the-infrastructure-bill-corporate-welfare/
