White House Announces $6 Billion to Promote Clean Energy – in Asia

Discussion in 'Politics' started by Stephanie, Nov 21, 2012.

  1. Stephanie
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    Stephanie Diamond Member Supporting Member

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    how lovely

    SNIP:



    By Fred Lucas

    November 20, 2012

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    U.S. President Barack Obama attends the East Asia Summit at the Peace Palace in Phnom Penh, Cambodia Tuesday, Nov. 20, 2012. Obama is in Cambodia on the final leg of his three-country tour of Southeast Asia. (AP Photo/Heng Sinith)

    (CNSNews.com) – The White House announced the federal government will spend $6 billion over four years for a “sustainable energy future” plan with Asian countries that involves loaning tax dollars to other countries to increase their purchasing power for U.S. technology, services and equipment.

    “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 initiative comes after the Obama administration has been criticized for spending billions to subsidize U.S.-based green energy companies that went on to declare bankruptcy, including Solyndra, Ener1, A123, Beacon Power and other failed renewable energy ventures.

    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, which will launch a $5 billion export credit financing program to certain Asian countries over the next four years “to increase access to American technology, services and equipment to implement energy infrastructure.”

    all of it here
    White House Announces $6 Billion to Promote Clean Energy
     
  2. Claudette
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    Claudette Gold Member

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    Oh yeah. We're 16 Trillion in debt and we're going to spend 6 billion in Asia??

    Perhaps we'll borrow it from China. The mans a flamming asshole.
     
  3. ecinicola
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    ecinicola Active Member

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    Well, the people in this country voted for this bunch, and this is what they got . Unfortuntely we all suffer because of the voters doing this again to us. We had the chance to get rid of this bunch and lost that chance due to the voters who can't see what this bunch is doing to all of us. Now we pay the consequences for what they did.
    Not only is obama sending asia millions to help them, he sent 1 million to hamas to help them. While people in n.y and n.j struggle from the hurricane, and they still have no electricity.
    We have so many foreigners in this country that are voting now, and getting free things here, that is another reason they voted for obama. God help us in the next 4 yrs. Our chances are gone now.
     
  4. gwennie
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    gwennie Member

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    Oh, but don't you know.....our president is the smartest man on the face of the earth! And he has a nobel peace prize to prove it!! Never mind the fact that we have millions of people out of work or that our debt is skyrocketing or that obamacare is going to increase taxes.....but he is going to sink $6B into China. The number of brainless twits who voted for this guy never ceases to amaze me.
     

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