A bank that would create $50 billion in debt?
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Rep. Chris Van Hollen (D-Md.) is turning to the web to drum up support for the creation of a Federal Green Bank that would create $50 billion in debt in order to offer loans for clean energy projects.
In a video posted on YouTube this week for the Safe Climate Caucus, Van Hollen says even though several states have created their own “green banks”, the federal government still needs to get involved.