I have a hard time with the government giving our money away to foreign countries. I certainly hope we are receiving some seriously favorable trade concessions in return.
U.S. to launch clean technology fund in 2008
WASHINGTON (Reuters) - The United States will press forward with a multibillion-dollar "clean technology fund" this year to help China and other developing countries finance advanced technologies to cut greenhouse gas emissions and other pollutants, a top Treasury official said on Monday.
The fund aims to "put a dent in the funding gap" between more expensive advanced technology that reduces pollution and energy use and...(complete article here).
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