The U.S. government is spending $20 million to “help clean energy
projects in Africa get started,” such as wind farms and solar panels,
Secretary of State Hillary Clinton announced at the recent Rio +20
Conference in Brazil, a step the government watchdog Judicial Watch
criticized as wasteful given the administration’s track record in
trying to pick green energy winners.
“The U.S.-Africa Clean Energy Finance Initiative will help clean
energy projects in Africa get started,” said Clinton in her June 22
speech. “This is an innovative partnership between three United States
Government entities – the State Department, OPIC, and the U.S. Trade
and Development Agency. We want to drive private sector investment into
the energy sector.”
“We plan to use an initial $20 million grant fund to leverage much
larger investment flows from OPIC,” she said. “That will open the door
then for hundreds of millions of dollars of OPIC financing, plus
hundreds of millions of more dollars from the private sector for
projects that otherwise would never get off the drawing board.”
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
5 comments:
So let me get this straight. We just give 20 million bucks away and that will open the door to hundreds of million bucks of financing of our taxpayers money that they don't have to pay back. Makes sense to to me. For God's sake, get the Democrats out of there.
Making africa green is gonna make it better?
Private money will flow in on its own without Gov't assistance on viable investments.
There is no need to spend taxpayer dollars on such projects, especially in other countries!
Hey Hillary...how about you give Wicomico County a 20 million dollar grant to build a bike lane from Salisbury to Ocean City, using the old railroad bed. That would make Wicomico County greener and bring thousands of dollars to the small towns along the route....Let Africa build their own solar panels
I always said once he was in office he would funnel money to his native land.
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