DeSantis Says No Thanks to $377 Million in US Energy Funds

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 59%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

The funding included hundreds of millions of dollars as part of the Inflation Reduction Act, as well as money from bipartisan infrastructure legislation that became law in 2021. DeSantis quietly rejects $377 million in federal funds for Florida:

The funding, totaling about $377 million, included hundreds of millions of dollars for energy-efficiency rebates and electrification as part of the Inflation Reduction Act, as well as money from the bipartisan infrastructure legislation that became law in 2021.

The move comes as US President Joe Biden and others have taken to the road to show how funding from the Inflation Reduction Act and other administration policies are helping Republican states, even as every single Republican voted against approving his signature climate law - which included some $374 billion in funding for clean-energy programs and tax credits.

A Florida government official, speaking on background, said the $5 million in funding was earmarked to hire people to administer the money for the energy efficiency home-rebate program, including a website and other necessary planning to distribute the funds. The official, who wasn’t authorized to speak on the record about the matter, characterized the decision as surprising.

“These programs directly benefit home owners and renters and these rebates mean that people in Florida would get lower utility bills and healthier and more comfortable homes as well as lower greenhouse gas emissions,” said Lowell Ungar, director of federal policy for the American Council for an Energy-Efficient Economy. “The federal money will help pay for that so it will be a real loss if they don’t implement these programs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 380. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Buy 'best-in-class' JPMorgan Chase thanks to strong earnings potential, Jefferies saysJefferies upgraded the banking giant Tuesday to buy from hold. It also raised its price target to $165 per share from $149.
Source: CNBC - 🏆 12. / 72 Read more »