Biden Jobs, Infrastructure Plan Aims to ‘Turbocharge the Transition’ Off Fossil Fuels
U.S. President Joe Biden travelled to Pittsburgh last Wednesday to unveil a US$2-billion jobs and infrastructure plan that includes a 10-year, $650-billion commitment to a U.S. clean energy transition, with big allocations for building energy retrofits, electric vehicle infrastructure, grid modernization, public transit, and union jobs cleaning up abandoned oil and gas wells and mines.
The package is being seen as a “jolt” for Ottawa to follow suit when Finance Minister Chrystia Freeland tables a long-awaited budget later this month. One news report concluded the U.S. action would deliver a big enough financial boost to speed up the global economic recovery from the COVID-19 pandemic.
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