- Mon Nov 26, 2012 4:02 pm
#14748
The White House announced the federal government will spend $6 billion for a “sustainable energy future” plan for Asian countries that involves loaning tax dollars to other countries to increase their purchasing power for green energy. “Recognizing that energy and the environment are among the most pressing issues confronting our region, President Obama, in partnership with Sultan Haji Hassanal Bolkiah of Brunei and President of the Republic of Indonesia Susilo Bambang Yudhoyono, today proposed the U.S.-Asia Pacific Comprehensive Partnership for a Sustainable Energy Future,” the White House announced Tuesday as Obama visits Asian Pacific countries. The White House announcement goes on to say that, “The United States will provide up to $6 billion to support the partnership.” Most of that will come from the U.S. Export-Import Bank" “The Partnership will drive investment and facilitate progress on four key regional priorities: renewables and cleaner energy; markets and interconnectivity; the emerging role of natural gas; and sustainable development,” the White House release said. “We will engage with the private sector as well as partner countries in the region to determine specific projects within these four priority areas.”
