President Joe Biden has turned heads by invoking a Cold War-era law to use taxpayer money to fund electric heat pump manufacturing in an effort to curb the use of gas-powered furnaces, with experts saying the move is “corporate welfare” and using wartime policies as “instruments to advance a policy agenda.”
The plan is advertised as part of the Biden administration’s “Investing in America Agenda.” The Department of Energy (DOE) announced Friday that $169 million will be allocated for nine projects to “accelerate electric heat pump manufacturing at 15 sites across the country.”
Biden’s utilization of the 1950 Defense Production Act (DPA) gives the president “a broad set of authorities to influence domestic industry in the interest of national defense.”
The DOE’s “historic” announcement boasted that Biden is using “emergency authority” on the “basis of climate change,” arguing that the funding still fits into the “national security” category by “reducing energy resilience [sic] on foreign adversaries.”
According to the agency, millions of taxpayer dollars will go to billion-dollar multinational corporations including Copeland, Honeywell International, Mitsubishi Electric, and York International Corporation.