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Biden to Announce $600M in Climate Investments During California Trip


FILE - U.S. President Joe Biden delivers a speech in Monterey Park, California, March 14, 2023.
FILE - U.S. President Joe Biden delivers a speech in Monterey Park, California, March 14, 2023.

President Joe Biden will visit Palo Alto, California Monday and announce over $600 million in climate investments to help coastal communities around the country fight climate change, a White House official said Sunday.

The investments will be funded by Biden's climate and infrastructure bills and will include a $575 million project to fight rising sea levels, storm surges and tidal hurricanes, said the official, who did not wish to be named.

It will also include a $67 million investment for California to modernize its electric grid to reduce the impact of extreme weather events such as wildfires.

Biden signed a $430 billion bill last August that was touted as the biggest climate package in U.S. history.

The president's trip to California will also see him raise campaign cash from tech and climate donors as he races to raise over a billion dollars for his reelection fight.

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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