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Biden's EPA plans $27 billion 'green bank' for clean energy projects
Alex Epstein: The green energy movement is a scam
Energy expert Alex Epstein joins ‘The Evening Edit’ to dissect the shortcomings of the green energy movement.
The Biden administration on Tuesday outlined how a "green bank" will provide nearly $27 billion in funding to help finance projects aimed at combating climate change that Republicans are warning will be at high risk for fraud and waste.
The so-called Greenhouse Gas Reduction Fund, which was created as part of the $739 billion Inflation Reduction Act Democrats enacted along party lines last year, will be tasked with facilitating investments in clean energy projects.
It will emphasize projects in low-income and disadvantaged communities.
The Environmental Protection Agency (EPA) plans to award $20 billion in competitive grants for projects that reduce pollution and lower energy costs that will be administered by up to 15 nonprofit groups working with banks and financial institutions.
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