By Nathan Worcester | 28 March 2022
THE EPOCH TIMES — President Joe Biden’s proposed Fiscal Year 2023 budget would involve billions in climate-related spending, including $11 billion for international climate finance, as well as multibillion-dollar investments said to “advance equity and equality globally.”
Submitted Monday morning, more than a month after it was legally due on the first Monday of February, the budget would total $5.8 trillion.
With energy prices up from 2021 and an economically disruptive war raging in Eastern Europe, the president did not highlight climate or environmental concerns in a brief, pre-prepared statement on the 2023 budget. He did, however, claim that his budget would “continue our equitable growth.”
Yet according to a fact sheet from the Office of Management and Budget (OMB), as well as a 156-page summary from that same agency, a significant proportion of prospective spending would be in the name of climate and what the fact sheet describes as “environmental justice.”