You know how it goes–folks who live in an air-conditioned home, get to work in an air-conditioned vehicle, and work in an air-conditioned office (change that to heated for winter time) are super-stressed about the vapid concept of climate change. Add the elites at the Treasury Department to the mix.
The Treasury Department just unveiled detailed rules governing how low-carbon energy project developers can tap climate law tax credits which are contingent upon meeting wage and apprenticeship requirements.
The 2022 law provides subsidies if projects — renewables, energy storage, carbon capture, hydrogen, and meet these labor provisions.
- Meeting wage and apprenticeship standards — which affect positions like construction workers and electricians — allows tax credits up to 30% of project costs.
- That’s up to five times the amount available without meeting the mandates.
- Use of “Project Labor Agreements,” a priority for organized labor, is a way to comply with the requirements.
Here comes the Grift: Biden officials say this will help to ensure deployment of climate-friendly tech will come alongside good wages. They are once again looking for an off-ramp from fossil fuels to other forms of energy.
Semiconductor manufacturers that apply for more than $150 million of CHIPS direct funding must provide access to high-quality child care for facility and construction workers.
I wonder if that carries over to this.