Posted on 11/19/2022 3:55:34 PM PST by TigerClaws
The United States will take part in the creation of and contribute to a fund that will pay developing nations to tackle climate change.
The fund, negotiated at the United Nations' COP27 Summit, was originally known as a 'loss and damage' fund and had been blocked by previous American administrations.
With a final climate accord already more than a day overdue, representatives of nearly 200 nations were anxious for an agreement they could bill as a step forward in the fight against climate change. ADVERTISEMENT
The nations involved are largely from Asia, Africa, Latin America, the Caribbean and the south pacific, who see the matter as payback for a crisis that they did not contribute to but nonetheless could, in their view, destroy them.
Biden was granted $1 billion to help developing countries tackle climate change, although it's unclear if that cash will go into this fund.
The president also faces having his plans stymied by the GOP-majority house, which would have to approve any funding.
And gas-guzzling China wouldn't have to contribute to any global fund, because it is still considered a developing nation. The United States will take part in the creation of and contribute to a fund that will pay developing nations to tackle climate change
The United States will take part in the creation of and contribute to a fund that will pay developing nations to tackle climate change
(Excerpt) Read more at dailymail.co.uk ...
10% for The Big Guy??
Impeach him.
Inflation reduction act part lll
FR: Never Accept the Premise of Your Opponent’s Argument
Unaccountable, unconstitutional federal spending just like politically correct, junk science (imo) CV19 relief spending was imo.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.
Democrats love spending our money so they can enforce their power base.
Who died and made that @$$whole powerful?
It’s time to reign in spending
It isn’t Biden. Obama is running things. Badly.
Where is he getting the $1B from??
It must be real nice to be n_gg__ rich with other people’s money, huh Joe?
I can’t read the article or I will puke on my keyboard.
Biden, yet another lawyer/politician...From a never ending conga-line of them.
Americans love voting for lawyers/professional politicians.
Why the heck are we all paying taxes????
WTF? China has been “developing” for 3000 years. India is right there with them.
Biden doesn’t work for us.
Lizavetta gets it.
#ThereAreStillSanePeopleInTheWorld
#OurOnlyHope
Help to developing countries <==>
Middle class taxpayers in rich countries are giving money to rich people in poor countries!.
This money will be essentially wasted, and it’s time for the Republican Party to grow a pair and oppose this without compromise. Nobody owes anyone else a red cent for the fiction of climate change.
One Billion of American’s hard earned tax dollars to third world dictators. Let’s go Brandon! FJB.
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