Biden Uses War-Time Law to Fund Heat Pumps Citing Climate Crisis - Bloomberg
Biden Funds Heat Pumps Citing Climate Crisis, Using Cold War Era Law - Bloomberg
Biden Uses War-Time Law to Fund Heat Pumps Citing Climate Crisis
- Companies to get $169 million under Defense Production Act
- Funding is key for energy independence, White House says
The Biden administration is using the emergency powers of a Cold War-era law to fund more domestic manufacturing of electric heat pumps, which the White House says is needed to help stave off climate change and increase domestic security.
The Energy Department announced Friday it was using the 1950s Defense Production Act for a $169 million award for 9 projects across the country by companies such as Honeywell International Inc. and Copeland LP to accelerate production of heat pumps and components.
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Biden Uses War-Time Law to Fund Heat Pumps Citing Climate Crisis
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