2 chapters across the catalog
President Biden defended the Inflation Reduction Act as the largest environmental plan in history, totaling $368 billion. He claimed that "wind technology" is now cheaper than fossil fuels due to government subsidies. The legislation has caused friction with G7 partners and the EU, specifically regarding subsidies that favor American-made green energy products.
Green Technology Job Hype, Foreign Wind Turbine Manufacturing
A news report from NBC Bay Area indicates that green technology is failing to reduce California's unemployment rate despite significant economic hype. Further analysis reveals that nearly 80% of the $2 billion in U.S. stimulus money for wind power has gone to foreign manufacturers in China and Spain. Spanish company Iberdrola is identified as a primary recipient of these funds while domestic turbine workers face layoffs.
