Posted on 02/12/2023 7:50:44 AM PST by george76
Biden slush fund money is now looking for a home. A battle is on over who gets to waste it..
Biden’s $27 Billion Clean Energy Catalyzer Slush Fund
Competition is stiff over who gets first access to Biden’s $27 Billion Clean Energy Catalyzer slush fund.
The US government is getting ready to unleash $27 billion to fund projects in disadvantaged communities that cut greenhouse gas emissions and boost clean energy. The cash infusion from last year’s sweeping climate and tax law is meant to drive the deployment of solar panels, heat pumps and electric vehicles in underserved places around the nation.
But even before the government formally seeks funding applications, hundreds of potential recipients are jockeying for the money. The competition pits credit unions and community development institutions against a national not-for-profit organization that says it should collect much of the haul and be a clearinghouse for the taxpayer dollars, making it the first-ever US-government-minted green bank.
At stake is the fate of an unprecedented effort by the US government to fight climate pollution and environmental injustice at the same time.
States and tribes are set to get $7 billion. The remaining $20 billion is available for “eligible” nonprofits to provide financial assistance to national, regional, state and local projects, with at least 40% of the funding put to work in low-income and disadvantaged communities.
The law offers little guidance on who those eligible recipients might be.
The Coalition for Green Capital, a nonprofit that supports regional green banks, argues it should be the main repository for the $20 billion, making it a nationwide clearinghouse for the funding.
The money “will not reach low-income and disadvantaged communities unless funding is provided to financial institutions with specialized expertise in serving them,” said the Rural Community Assistance Corporation, which supports organizations serving low-income people living in the rural West.
Environmental Justice Now..
This "green bank" meme is so much BS I hardly know where to begin.
At least half of this money is sure to go to obviously absurd boondoggles. Most of the rest will be wasted in ordinary graft.
...
We don't know who the recipients are yet, but fancy names are sure to help.
I have come up with perhaps the perfect name for a company competing for slush money: Green Solutions Trust Fund
In practice, it will not be green. It certainly will not solve anything. And if there is any trust, it will be seriously misplaced
Reparations = Free Teslas!
Build mud walled, thatched roof huts......
Edited for clarity/accuracy.
Over 4 weeks since more than 100 House Democrats joined House Republicans to pass a bipartisan bill that bans Biden from selling more oil from America’s Strategic Petroleum Reserve to China.
Yet the Senate still refuses to even take it up.. ~Steve Scalise
Say it ain’t so!!!!
Need protests daily/hourly:
SOLYNDRA - SOLYNDRA - SOLYNDRA - SOLYNDRA
Not one penny until Biden answers for SOLYNDRA when it was under his watch and responsibility! Make obozo answer for the same crime!
These idiots treat the country as if it is THEIR CANDY STORE!
No worries, congress puts us in $2.74 billion in further debt each passing day including the weekends. (a trillion a year is printed) Worse under the meat puppet Jao Xiden so who knows what the real number is.
“Team Mitch and ChuckU” are one in the same.
Swamp bump for later....
The Founders of our used-to-be- Republic set up a Congress to control spending and a Cobstitution limiting what our$$ could be spent on.
Guess none of that matters anymore under this modern dictatorship
Biden’s? Nope. This funds set up was accomplished during the Obama administration in 2013.
So they have been holding (wasting) funds they are now trying to give away for green projects because their approval rating is in the toilet. It’s probably a guess how much was given away prior to the knowledge of this fund that would be needed in so many ways other than what it was spent on or even supposed to be spent on.
wy69
Podesta Bank, Inc.
Probably all connected to Soros
That’s going to make millionaires of many of their friends.
Poor people have less money to spend (or they would not be poor) and as such consume less fossil fuels. No boats, gas hogging SUVs, vacation homes, etc.
It won’t be a good look when they explode.
It’s a democrat donors get rich quick scam. How many Solyndras will come out of this? That money would go a long way toward curing cancer, Alzheimers, childhood diseases, giving disabled veterans concurrent receipt, upgrading air traffic control, modernizing military air defense and on and on. Instead, it will be buying yachts for democrat scumbags. Our corruption makes Russia look like boy scouts.
“ That’s going to make millionaires of many of their friends.‘
Their friends are already mega-millionaires who are helping them (the politicians) become billionaires. Kick-backs build coastal compounds with massive mansions. Being a millionaire is so last century…
Yet, Yellen says Social Security may have to take a hit....but they have plenty of money for this moronic BS....
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