[[{“value”:”
A Treasury Department report says renewable subsidies for clean energy projects could cost taxpayers $425B over next decade.
House Republicans are seeking to prevent the use of taxpayer dollars to incentivize what they describe as “green energy boondoggles” on agricultural lands, citing subsidies that could cost taxpayers hundreds of billions of dollars over the next decade. [emphasis, links added]
Rep. Tom Tiffany, R-Wis., is introducing legislation on Thursday, shared first with Fox News Digital, to end federal funding of renewable subsidies for wind and solar development on agricultural lands.
The bill, titled the Future Agriculture Retention and Management (FARM) Act, would not prevent developers from building wind turbines or solar panels but rather end the use of federal funds to encourage such projects.
“Taxpayer dollars shouldn’t be used to sacrifice farmland for green energy boondoggles,” Tiffany told Fox News Digital in a statement. “The FARM Act ends corporate welfare for unreliable energy sources and ensures agricultural land is protected for future generations.”
Renewable subsidies for clean energy projects, such as wind and solar, could cost taxpayers $424.6 billion over the next decade, according to an analysis by the Treasury Department for 2024-2033, cited by the Republican congressman in a press release.
The congressman said he introduced the FARM Act after hearing concerns from his constituents who “fear too much farmland is being taken away” amid the push for more green energy projects.
If the bill is passed, Tiffany hopes that it will “protect family farms for generations to come, save American farmland, and safeguard long-term food security,” citing a report from the U.S. Department of Agriculture (USDA) revealing that in 2022, U.S. farmland was down 6.9% from 2017, suffering a total decline of 20.1 million acres.
Lawmakers cosponsoring the legislation include Reps. Ben Cline, R-Va., Warren Davidson, R-Ohio, and Roger Williams, R-Texas.
The bill comes after the Biden administration pushed the use of federal funds to incentivize green energy projects, such as the USDA’s Rural Energy for America Program, which provided grant funding to agricultural producers for small and large wind and solar generation.
Top photo by Karsten Würth on Unsplash
Read more at Fox News
We give you energy news and help invest in energy projects too, click here to learn more
Crude Oil, LNG, Jet Fuel price quote
ENB Top News
ENB
Energy Dashboard
ENB Podcast
ENB Substack
The post Republicans Work To End Taxpayer-Funded Green Energy Boondoggles On Farmland appeared first on Energy News Beat.
“}]]