Tag: Infrastructure

Trump Will Redirect Billions in Unspent Funds from Biden’s Climate Law to ‘Real Infrastructure’

Daily Caller News Foundation
Construction Plans

President-elect Donald Trump is planning to redirect unspent Inflation Reduction Act funding to spending on infrastructure, the Daily Caller News Foundation has learned.

“President Trump will rapidly defeat inflation and bring down all prices by ending the Democrats’ anti-energy crusade, which will cut energy prices in half during his first 12 months in office,” Karoline Leavitt, Trump-Vance transition spokeswoman, told the DCNF in a written statement. “He will also terminate the Green New Scam and rescind all unspent funds from the so-called ‘Inflation Reduction Act’ and redirect them to spending on real infrastructure.”

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U.S. Oil, Gas Hit Record Production Despite Opposition from OPEC, Activists, and Biden Administration

Just the News
Oil Rig

The United States is producing more oil now than any nation in the world has ever produced. In 2008, the U.S. produced only 5 million barrels of oil a day. Last year, the country produced 13 million barrels daily.

The United States’ record-breaking production is often used to knock back the argument President Joe Biden’s energy policy aims to minimize domestic fuel fuel production – to cut carbon emission and make way for more renewable energy.

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Commentary: China’s Land Grab

South Carolina Sun Staff
Farmland

At both the federal and state levels, elected leaders are paying more attention to national security threats stemming from Chinese-owned real estate in the United States.

The totality of Chinese-owned real estate in the United States remains unknown and, under current law, is unknowable. For agricultural land, Chinese-owned acreage reportedly only constitutes a small share of the United States’ total, but has increased rapidly in recent years, suggesting a growing threat that would best be managed now before it turns into a significant problem.

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New Data Centers Set to Stress U.S. Electric Grid Further

Just the News
Electric Substation

For the past couple of years, assessments of the national electric grid’s ability to deliver power during peak demand periods, such as heat waves and cold snaps, have shown increasing risk for blackouts.

The North American Electric Reliability Corporation, the nation’s grid watchdog, finds the main cause is retirements of coal plants without enough natural gas plants coming online.

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BlackRock to Make Massive Infrastructure Move to ‘Decarbonize the World’ and Reap Government Subsidies

South Carolina Sun Staff

BlackRock on Friday reached an agreement to acquire Global Infrastructure Partners for $12.5 billion, a move aimed at advancing the investment giant’s climate objectives and capitalizing on government subsidies, according to statements and reports.

BlackRock is the world’s largest asset manager and is a proponent of environmental, social and corporate governance (ESG) investing. Both companies share a commitment to decarbonization and BlackRock sees the deal’s timing as opportune, as governments have offered businesses rare financial incentives to build infrastructure, including for green energy projects, according to a press release.

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