America’s new high-risk, high-reward $20 billion climate push
wapo.st
The Environmental Protection Agency is awarding $20 billion to nonprofit organizations to help finance projects that boost clean energy and reduce emissions.

The Environmental Protection Agency on Thursday awarded $20 billion to help finance clean-energy projects across the country, marking one of the Biden administration’s biggest investments in combating climate change and curbing pollution in disadvantaged communities.

  • silence7@slrpnk.netOP
    11·
    8 months ago

    We know exactly what he’s done. Oil drilling permits are considered a property right by the courts once a lease is issued; the President can’t as a rule say ‘no’ — all he can do is set the terms.

    What Biden did was to sharply curtail leasing:

    We will eventually need to change the law so that existing leases aren’t treated as a property right like that, but we haven’t had the votes in Congress to do that.

    • wildbus8979@sh.itjust.works
      11·
      8 months ago

      Sure, but before that he held the single largest oil rights auction in US history, right after COP26 no less.

      https://www.newsweek.com/biden-admin-set-auction-off-over-80-million-acres-offshore-drilling-1649242

      The Biden administration is preparing to sell off more than 80 million acres of the Gulf of Mexico to oil and gas drilling companies in the largest federal offshore drilling auction in U.S. history—less than a week after the UN climate change conference COP26

      The 80 million acres on sale is expected to produce around 1.12 billion barrels of oil and 4.2 trillion cubic feet of natural gas over the next 50 years.

      • silence7@slrpnk.netOP
        11·
        8 months ago

        Yes, the first few months of the Biden administration still involved agencies which didn’t get it, and were doing things like that.