Republicans, Democrats Spar Over $20 Billion ‘National Climate Bank’

Republicans, Democrats Spar Over $20 Billion ‘National Climate Bank’
U.S. Rep. Debbie Dingell (D-Mich.) speaks during a news conference on Capitol Hill in Washington Nov. 29, 2018. Alex Wong/Getty Images
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Lawmakers on the House Committee on Energy & Commerce have begun debate over billions in funding “relating to air pollution,” defined to include carbon and carbon dioxide, with the many climate- and environment-related provisions—including new electric vehicle incentives—as well as $20 billion toward a “greenhouse gas reduction fund,” which Republicans called a “national climate bank.”

The air pollution funding falls under the $37 billion Subtitle A, one of just 16 subtitles that the committee will consider. The committee’s debate over the full, $1.2 trillion reconciliation title, itself just part of the larger $3.5 trillion reconciliation package, is expected to last for days.
Nathan Worcester
Nathan Worcester
Author
Nathan Worcester is an award-winning journalist for The Epoch Times based in Washington, D.C. He frequently covers Capitol Hill, elections, and the ideas that shape our times. He has also written about energy and the environment. Nathan can be reached at [email protected]
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