Yesterday the United States, Brunei, and Indonesia formed the US-Asia Pacific Comprehensive Partnership for a Sustainable Energy Future, and President Barack Obama promised up to $6 billion for the green energy idea.
“The Partnership will offer a framework for consolidating and expanding energy and environmental cooperation across existing regional forums to advance efforts to ensure affordable, secure, and cleaner energy supplies for the region,” said the White House.
There are four specific priorities the Partnership wants to concentrate on: renewables and cleaner energy; markets and interconnectivity; the emerging role of natural gas; and sustainable development. An estimated $9 trillion is needed just for electricity through 2035.
This is how the $6 billion will be split:
•The Export-Import Bank of the United States will launch a program to make available up to $5 billion in export credit financing to eligible countries in the region over the next four years to increase access to American technology, services and equipment for the implementation of energy infrastructure projects.
•The U.S. State Department will oversee a $1 million energy capacity-building fund to support partnership activities via project preparation and technical assistance
Obama blindly walking in to the spinning prop blade.
Just print, print, print.......no need to worry about who will pay because it won't be his base.
After the Euro collapses, the dollar will follow.....
Absolute irresponsible idiots.
Our idiot elected officials are giving away money that we don't have. BO gave away 6 billion dollars, this means he has to borrow over 2 1/2 billion dollars. This kind of behavior definitely tells you our leaders are idiots of the highest order. Darn.