Spreading the wealth thinner…
(Townhall) –The Obama Administrationâ€™s â€œgreen jobsâ€ agenda is apparently not limited to the United States. According to CNS News, the administration created a $20 million grant that will go toward creating green projects…in Africa.
The U.S. government is spending $20 million to â€œhelp clean energy projects in Africa get started.â€ Those projects include wind farms and solar panels, Secretary of State Hillary Clinton announced at the recent Rio +20 Conference in Brazil.
But the government watchdog Judicial Watch criticized the spending as wasteful, given the administrationâ€™s track record in trying to pick green energy winners.
â€œThe U.S.-Africa Clean Energy Finance Initiative will help clean energy projects in Africa get started,â€ said Clinton in her June 22 speech.Â â€œThis is an innovative partnership between three United States government entities â€“ the State Department, OPIC (the Overseas Private Investment Corporation), and the U.S. Trade and Development Agency. We want to drive private sector investment into the energy sector.â€
Clinton said the initial $20 million grant will “leverage much larger investment flows from OPIC,â€ which is the U.S. government’s development finance institution. â€œThat will open the door then for hundreds of millions of dollars of OPIC financing, plus hundreds of millons of more dollars from the private sector for projects that otherwise would never get off the drawing board.â€
Also see this recent post: Geothermal Co. [Still] Struggling After $98.5 MILLION Taxpayer Bailout