Saturday, October 1, 2022

Warnock Fundraises With Steyer After Voting for Legislation That Poured Billions Into Green Energy

 After voting to pass legislation that steered billions to climate initiatives and the green energy industry, Sen. Raphael Warnock (D., Ga.) raked in cash from wealthy green energy moguls at a series of San Francisco fundraisers

  • During his West Coast fundraising swing, the senator partied with billionaire investor Tom Steyer, biofuels CEO Wade Randlett, and "Defund the Police" advocate Meena Harris, the niece of Vice President Kamala Harris.
  • Warnock voted for the Biden administration's budget reconciliation bill-officially dubbed the Inflation Reduction Act-and highlight the cozy relationship between Democratic political leaders and the lucrative green tech industry.

The spending bill extended the biodiesel tax credit and was praised by leaders in the biofuels industry.

  • Steyer praised the passage of the bill as the "culmination of a decade of advocacy and persistence."
  • The Renewable Fuels Association president Geoff Cooper said the bill represented the most significant federal commitment to low-carbon biofuel since the Renewable Fuel Standard was expanded in 2007.

The Inflation Reduction Act has faced criticism, with Republicans arguing that it will raise taxes while steering federal funds to Democratic constituencies.

  • Warnock praised the bill, saying it will "help lower costs for families in every corner of our state-all without raising taxes for hardworking Georgia families."
  • Photos from Warnock's California fundraising trip also show him posing with his arm around Meena Harris, the niece of Kamala Harris.

Warnock Fundraises With Steyer After Voting for Legislation That Poured Billions Into Green Energy

  • The senator is the party's top fundraiser for the midterm cycle, pulling in a whopping $17 million last quarter in his competitive faceoff against Republican challenger Herschel Walker.

https://thelibertyloft.com/2022/09/30/warnock-fundraises-with-steyer-after-voting-for-legislation-that-poured-billions-into-green-energy/

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