Posted on 06/26/2022 7:19:40 PM PDT by FarCenter
Leaders of the Group of Seven (G7) began three days of talks on Sunday in Germany's Bavarian Alps with Russia's invasion of Ukraine set to dominate the agenda.
One of the first announcements was a $600 billion (€568 billion) infrastructure initiative to help developing countries tackle climate change. The initiative is seen as the West's response to China's massive Belt and Road Initiative (BRI).
"I want to be clear — this isn't aid or charity," Biden said. "It's an investment that will deliver returns for everyone, including the American people and the people of all our nations. It will boost all of our economies."
G7 leaders announce global infrastructure program Beijing has been accused of trapping low-income countries into unaffordable debts to be part of its trillion-dollar BRI push, which is seen as expanding China's trade power with Africa, Asia and Europe.
The new G7 fund will focus on climate initiatives, among other projects, including a $2 billion solar farm investment in Angola, $320 million for hospital construction in Ivory Coast and $40 million to promote regional energy trade in Southeast Asia.
EU Commission chief Ursula von der Leyen said G7 was offering "sustainable, quality infrastructure" and will be "listening closely to the recipient countries."
(Excerpt) Read more at dw.com ...
I wouldn’t trust these incompetent fools with 50 cents
How many billions did that idiot Biden pledge?
$200 Billion
Weren’t they gibing Donald J about this three or so years ago?
All their family, friends and the mega corporations with their political donations will get rich off this deal.
You will pay for it and have less.
But be happy!
You’re saving the planet.
https://pbs.twimg.com/media/E6wvXBOXIAQL5pS?format=jpg&name=large
I have an infrastructure need in my backyard
I need a swimming pool.
And, I need help to fight climate change.
I need the gubmint to buy me a pony, a white pony, so I can go to the store and buy food
These crooks take money from the Chinese and rob the taxpayers to counter the foreign influence 🤪
Even if they manage to do things right, it’s too little too late.
10% for the Big Guy’s family any chance?
No, to fund the great rest
Not only is it too late in the game for this, and they’re going to find these other countries just don’t wanna comply with all the regulations and strings that come with that money. That’s what happens when your weaponize the dollar
Everything else is BS.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.