By a ballot of 209- 204, the House passed regulations Friday to reduce what critics call a natural energy mud bank.  ,
The Daily Signal initially reported last year on the act, called the Cutting Green Corruption and Taxes Act and sponsored by Rep. Gary Palmer, R- Ala., president of the Republican Policy Committee.  ,
” This is a big step towards securing American energy and reducing energy costs. This is a win for the American people”, Palmer said Friday in a public speech.  ,
Nonetheless, the act faces difficult skiing in the Senate, where Democrats have a working lot with three politicians.  ,
The$ 27 billion Greenhouse Gas Reduction Fund was the largest grant program created in a massive spending bill, dubbed the Inflation Reduction Act, which passed in August 2022 when Democrats controlled both houses of Congress.
” This is nothing more than a mud account that does nothing to help the environment. Rather, it funds unique- interest groups, weather activists, and democratic allies that make no effect on the climate”, said Palmer, a member of the House Energy and Commerce Committee.  ,
” This bill eliminates$ 27 billion of waste and shifts the focus to where it should be, affordable and reliable American energy”, the Alabama Republican said after his legislation passed the House.
Palmer added:  ,
In order to support the British people and lower energy costs, we should be focusing on expanding access to natural gas. Unfortunately, the Democrats ‘ IRA] Inflation Reduction Act ] even implemented a duty on natural gas. This duty has made energy less affordable and less trustworthy for Americans already struggling under the mass of prices.  ,
The href=”https://www.epa.gov/newsreleases/epa-announces-initial-program-design-greenhouse-gas-reduction-fund”>Greenhouse Gas Reduction Fund was designed to set up two buckets of cash:$ 20 billion for the General Assistance and Low- Money and Impoverished Communities Program, to remain divided among up to 15 consumers, and$ 7 billion for the Zero- Emissions Technology Program, to be divided among 60 recipients.
The grants must align with the Biden administration’s Justice40 Initiative, which requires that 40 % of overall spending in a federal initiative go to “disadvantaged communities”. The administration defines such communities as “marginalized, underserved, and overburdened by pollution”.
The smaller,$ 7 billion pot is reserved for states, municipalities, tribal governments, and nonprofit organizations. The goal is to leverage private funding, according to the Environmental Protection Agency.  ,
The$ 20 billion pot is reserved for nonprofits that” collaborate with community financing institutions”, the EPA says.  ,
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