Youngkin's administration is starting a green bank
After vetoing similar Democratic legislation earlier this year, the Youngkin administration is launching a green bank to fund clean energy initiatives
This is the Virginia Scope daily newsletter covering Virginia politics from top to bottom. Please consider becoming the ultimate political insider by supporting non-partisan, independent news and becoming a paid subscriber to this newsletter today.
Have a tip? You can reply to this email or reach out to me directly at Brandon@virginiascope.com.
After vetoing similar legislation earlier this year, the Youngkin administration is launching a green bank to fund clean energy initiatives
The Virginia Department of Energy announced the launch of the Virginia Clean Energy Innovation Bank (VCEIB) within the department’s State Energy Office Thursday. Gov. Glenn Youngkin vetoed Democratic legislation earlier this year that would have established a similar system, which caused skepticism from clean energy advocates about his intentions.
Democrats are questioning his motives and the legality of funding this project, while Youngkin’s administration says it will streamline money into clean energy initiatives.