Biden announces $3 billion to cut carbon emissions at US ports

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The Biden administration is awarding nearly USD 3 billion to boost climate-friendly equipment and infrastructure at ports across the country, including Baltimore, where a bridge collapse killed six construction workers in March and disrupted East Coast shipping routes for months.

President Joe Biden announced the federal funding Tuesday during a visit to the city's main port, saying the money will improve and electrify port infrastructure at 55 sites nationwide while supporting an estimated 40,000 union jobs, reducing pollution and combating the climate crisis.

Ports are the linchpin to America's supply chain,' Biden said in a speech at Dundalk Marine Terminal, near the site of the March 26 bridge collapse that closed commercial shipping traffic for nearly three months.

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Article Details

Category: BusinessFinance

Markets: IndiaGeorgiaPuerto Rico

Topics: Biden US ports USD

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 08:27:01 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 911 words

Reading Time: 6 minutes read

Sentences: 32 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23334346

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