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.

  • wildbus8979
    11·
    8 months ago

    On the other hand he’s approved more new oil drilling than Trump.

    https://subscriber.politicopro.com/article/eenews/2024/01/30/biden-administration-oil-drilling-permits-outpace-trump-ee-00138376

    President Joe Biden has approved nearly 50 percent more oil and gas drilling permits for wells on federal land since taking office than former President Donald Trump did in his first three years, according to newly released data from the Interior Department.

    Funny how c/climate isn’t posting that part.

    • 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
        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.