The House Energy and Commerce Committee is set to vote this week on the possible repeal of the $27 billion Greenhouse Gas Reduction Fund, which hasn’t been distributed yet.
That taxpayer-funded giveaway to the ailing solar industry and environmental nongovernmental organizations lacks both sufficient accountability and utility.
The fund is structured to pick winners and losers in the energy market, to subsidize Chinese companies that use forced labor, and to undermine the reliability of the power grid.
As Rep. Bob Latta, R-Ohio, said at an Axios clean energy roundtable on Tuesday, “When we’ve picked, we lose.”
The fund’s $27 billion would allocate grants only for renewable energy projects, which would disadvantage conventional energy producers (including nuclear), raise consumer costs, and create a slush fund for green special interests.
All of this is…
