The head of the Environmental Protection Agency on Friday defended a new $20 billion federal “green bank” program.
Environment al Protection Agency Administrator Michael Regan speaks during the Society of Environment al Journalists conference in Philadelphia on Friday, April 5, 2024.
“Twenty billion dollars is a heck of a lot of money,'' Regan said. “But we know based on the eight recipients that we’ve chosen, the metrics that we put in place, we’re going to pull hundreds of billions of private capital off the sidelines'' for climate-related projects. “I feel really good about this program.'', said it was “frustrating” to hear “some of the disingenuous attitudes from those on Capitol Hill who want to legislate public private partnerships ...
On other topics, Regan said the agency is doing its best to ensure that a range of environmental rules survive likely court challenges by industry groups and Republican-led states. Lawsuits have been filed challenging an EPA rule over deadly soot pollution and other regulations.
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