{"id":1921883,"date":"2023-05-01T03:56:33","date_gmt":"2023-05-01T07:56:33","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-green-energy-boondoggle-keeps-getting-bigger\/"},"modified":"2023-05-01T03:59:53","modified_gmt":"2023-05-01T07:59:53","slug":"bidens-green-energy-boondoggle-keeps-getting-bigger","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-green-energy-boondoggle-keeps-getting-bigger\/","title":{"rendered":"Biden\u2019s Green Energy Boondoggle Keeps Getting Bigger"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidens-green-energy-boondoggle-keeps-getting-bigger%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1921883&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Biden&#8217;s Green Energy Boondoggle to Cost Taxpayers Over $1 Trillion<\/h2>\n<p>President Joe Biden\u2019s <a href=\"https:\/\/www.dailywire.com\/news\/aoc-wants-credit-for-bidens-green-energy-agenda-let-her-have-it\" target=\"_blank\" rel=\"noopener\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-proves-he-learned-nothing-from-obamas-green-failure\/\" title=\"Biden Proves He Learned Nothing From Obama\u2019s Green Failure\">green energy boondoggle<\/a><\/a> keeps getting bigger by the hundreds of billions of dollars, according to a new study.<\/p>\n<p>On Friday, Just The News <a href=\"https:\/\/justthenews.com\/politics-policy\/energy\/bidens-green-agenda-cost-least-600-billion-more-projected-analysis-says\" target=\"_blank\" rel=\"noopener\">reported<\/a> that a new University of Pennsylvania Wharton School of Business model predicts that the cost of Biden\u2019s oft-touted climate change bill \u2014 the <a href=\"https:\/\/www.dailywire.com\/news\/hey-neat-spend-1000-on-green-energy-and-the-feds-will-give-you-a-300-tax-credit-to-reduce-inflation-thanks-biden\" target=\"_blank\" rel=\"noopener\">Inflation Reduction Act<\/a> \u2014 will now cost the U.S. taxpayers more than $1 trillion.<\/p>\n<p>\u201cThe 2022 Inflation Reduction Act (IRA) contained a range of climate and energy provisions that <a class=\"link\" href=\"https:\/\/budgetmodel.wharton.upenn.edu\/issues\/2022\/8\/12\/senate-passed-inflation-reduction-act\" target=\"_blank\" rel=\"noopener\">PWBM previously estimated<\/a> to cost $384.9 billion over 10 years,\u201d Penn <a href=\"https:\/\/budgetmodel.wharton.upenn.edu\/estimates\/2023\/4\/27\/update-cost-climate-and-energy-inflation-reduction-act\" target=\"_blank\" rel=\"noopener\">said<\/a> in a press release. \u201cSince that estimate, newer implementation details have emerged, and the fiscal year calendar has moved to start at FY2023. Our updated estimate for over 10 years (FY2023 \u2013 2032) for just the climate and energy provisions is now $1,045 billion.\u201d<\/p>\n<p>Much of that comes from subsidizing the \u201c<a href=\"https:\/\/www.dailywire.com\/news\/shocker-new-york-would-ban-gas-stoves-in-new-buildings-under-potential-budget-deal\" target=\"_blank\" rel=\"noopener\">electrification of everything<\/a>,\u201d as some have called it. Here\u2019s exactly what that money will be going toward over the next 10 years:<\/p>\n<ul>\n<li><strong>Clean electricity\/energy ($263 billion)<\/strong><\/li>\n<li><strong>Clean Hydrogen ($49 billion)<\/strong><\/li>\n<li><strong>Carbon Capture, Utilization\u00a0and Storage ($23 billion)<\/strong><\/li>\n<li><strong>Advanced Manufacturing ($183 billion)<\/strong><\/li>\n<li><strong>Clean vehicles ($393 billion)<\/strong><\/li>\n<li><strong>Biofuels ($43 billion)<\/strong><\/li>\n<li><strong>Energy efficiency ($28 billion)<\/strong><\/li>\n<li><strong>Agriculture and forestry ($3 billion)<\/strong><\/li>\n<li><strong>Energy grants and loans ($37 billion)<\/strong><\/li>\n<li><strong>Air pollution ($22 billion)<\/strong><\/li>\n<\/ul>\n<h3>Democratic Lackey John Podesta to Control Spending<\/h3>\n<p>Who will be in charge of doling that money out? Democratic lackey John Podesta. Will Podesta make sure that all of that money goes toward American companies? It doesn\u2019t look likely. In March, he said that Chinese companies will have a big part to play in America\u2019s energy future.<\/p>\n<p>Even Senator Joe Manchin (D-WV) took issue with Podesta over the comments.<\/p>\n<p>\u201cIt is beyond irresponsible for someone speaking on behalf of the White House to not only condone but also advocate for sending American tax dollars to Chinese companies,\u201d Manchin told Fox News. \u201cThat is not consistent with either the IRA or the CHIPS + Science Act, which had <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/manchin-calls-out-podestas-remarks-about-china-being-big-players-in-us-ev-battery-production\/\" title=\"Manchin Calls Out Podesta\u2019s Remarks About China Being \u2018Big Players\u2019 in US EV Battery Production\">widespread bipartisan support due<\/a> to concerns about Chinese supply chains.\u201d<\/p>\n<p>That Podesta would want to funnel U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-praise-global-citizens-at-the-global-citizen-festival-you-are-the-wind-beneath-our-wings\/\" title=\"Democrats Praise \u2018Global Citizens\u2019 At The Global Citizen Festival: \u2018You Are The Wind Beneath Our Wings!\u2019\">tax dollars overseas<\/a> to the Chinese Communist Party shouldn\u2019t come as much of a surprise. Podesta is good friends with at least one CCP official, Fox News also <a href=\"https:\/\/www.foxnews.com\/politics\/bidens-new-clean-energy-czar-highest-regard-ccp-official-called-friend\" target=\"_blank\" rel=\"noopener\">reported<\/a> in September 2022.<\/p>\n<h3>Democratic Allies Lining Up to Take Advantage of Government Spending<\/h3>\n<p>Other Democratic allies are lining up to make sure they take advantage of the government spending over the next decade. Twice-failed gubernatorial candidate Stacey Abrams is <a href=\"https:\/\/www.dailywire.com\/news\/stacey-abrams-now-throwing-her-weight-around-with-group-advocating-gas-stove-regulations\" target=\"_blank\" rel=\"noopener\">now working with Rewiring America<\/a>, a group that advocates the heavy regulation of gas stoves, arguing instead for electric appliances.<\/p>\n<p>The founders of Rewiring America \u2014 Alex Laskey, Saul Griffith, and Ari Matusiak \u2014 have made significant money off government funding in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stacey-abrams-now-throwing-her-weight-around-with-group-advocating-gas-stove-regulations\/\" title=\"Stacey Abrams Now Throwing Her Weight Around With Group Advocating Gas Stove Regulations\">green energy sphere<\/a> while advocating for policies that benefit their bottom dollar via the non-profit group.<\/p>\n<p>\u201cIt\u2019s a shocking amount of money that they\u2019re hauling in with this scheme of theirs,\u201d Tom Pyle, the president of the Institute for Energy Research, <a href=\"https:\/\/www.dailywire.com\/news\/stacey-abrams-now-throwing-her-weight-around-with-group-advocating-gas-stove-regulations\" target=\"_blank\" rel=\"noopener\">told<\/a> Fox News. \u201cI call it Big Green Inc. It is literally a business for these guys and they cloak themselves in the mantra of trying to save the planet. But, really, this is just very sophisticated self-dealing.\u201d<\/p>\n<p>It appears that the scheme now has more than a trillion reasons to continue, thanks to the seemingly never-ending price increase of the Inflation Reduction Act.<\/p>\n<p><em>The views expressed in this piece are the author\u2019s own and do not necessarily represent those of The Daily Wire.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden\u2019s green energy boondoggle keeps getting bigger by the hundreds of billions of dollars, according to a new study. On Friday, Just The News reported that a new University of Pennsylvania Wharton School of Business model predicts that the cost of Biden\u2019s oft-touted climate change bill \u2014 the Inflation Reduction Act \u2014 will<\/p>\n","protected":false},"author":326,"featured_media":1921884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[3706,8356,17989,4486,5812],"class_list":["post-1921883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-bidens","tag-bigger","tag-boondoggle","tag-energy","tag-green"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1921883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/326"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1921883"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1921883\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1921884"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1921883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1921883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1921883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}