Posted on 04/05/2023 10:49:48 AM PDT by ChicagoConservative27
The investment firm of billionaire philanthropist Tom Steyer is set to begin acquiring and upgrading apartments and buildings across the U.S. in an effort to cut greenhouse gas emissions, according to reports.
Bloomberg reported on Wednesday that Galvanize Climate Solutions’ latest plan will rest on strategic asset acquisition, proprietary methods of retrofitting buildings and adding solar panels in buildings across the country, and result in the long-term payoff of assembling a portfolio of energy-efficient buildings.
The head of Galvanize Real Estate Joseph Sumberg told the media outlet that the firm will also look into purchasing student housing, self-storage, and industrial properties, focusing mainly on low-density multifamily residential properties that have one to three stories and surface parking, which can provide a great area for solar panels.
“This is a real estate strategy with a decarbonization goal,” Sumberg told Bloomberg. “Capitalism will look at this successful strategy, and replicate it, creating ripples through the built environment.”
(Excerpt) Read more at thehill.com ...
Call me when Steyer makes his “net-zero” yardstick available for review....
‘Net Zero’ isn’t an end. It is a means to an end,
If he does this all this greenie solar renovation, this will be with Federal money he scams from that trillion dollar giveaway called The Anti-Inflation Act.
The cynic in me says he’ll have to kick out the tenants to do the retrofit, and re-open 6 months later with 40% higher rental rates.
Been awhile since we heard from this moron. I hope he wastes millions on this ridiculous BS.
A fool and his money...............
He must be working some government tax/incentive angle
HE will be using OPM
I had similar thoughts when I read the article. What do the renters get out of it? It would seem to me if there are carbon credits involved those would go to the owners
Sounds like our tax dollars will be paying for most of it. And a requirement of a much higher ratio of section 8 housing to boot.
Only those who aren’t receiving Section 8 subsidies.
I have heard Steyer speak.
He is raw evil and/or is possessed by it.
go for it Tom. Can’t wait to see you bankrupt yourself chasing after your stupid climate change pipe dream.
Apartment complexes have been going up like crazy over the last decade where I live. There are no solar power installations on the properties from what I can tell. That said the power company has solar farms, windmill farms and peaker plants. Apartment owners don’t want to get into the energy management business
What do the renters get out of it?
—
Virtue signalling from a homeless encampment?
Maybe they can get rebates for not using any power /s..
Probably works pretty well for a few weeks in the Spring and Fall. As long as the tenants eat out.
Or he might be building barracks for soldiers for the upcoming war on Christians/conservatives.
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