Posted 3/25/2024, 1:40:21 PM
Biden Administration Invests $6B to Cut Emissions from Major Polluters and Create Jobs
- $6 billion in federal funds awarded to 33 projects across 20 states to reduce emissions from major polluting industries like steel, cement, and chemicals
- Expected to eliminate 14 million metric tons of carbon emissions annually - equivalent to taking 3 million cars off the road
- Largest federal investment to date aimed at industrial decarbonization
- Projects expected to create thousands of jobs while advancing climate goals
- 79% of projects located in disadvantaged communities, emphasizing environmental justice