NEWS

President Biden announced on Thursday that the newest version of the budget reconciliation package includes a record-smashing $555 billion over 10 years to address climate change, by far the largest investment in mitigating the climate crisis to date.

The spending is designed to subsidize the transition from fossil fuels such as coal, oil and gas to clean energy sources such as wind and solar as well as to encourage related shifts like moving away from the internal combustion engine in favor of electric vehicles. Biden said this “framework” has the support needed to pass both houses of Congress.

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