Obama Proposes $1B Climate Change Resiliency Fund

Law360, New York (February 14, 2014, 6:06 PM EST) -- President Barack Obama is asking Congress to approve a $1 billion fund to invest in climate resilience efforts, saying on Friday that the federal government needs to invest in more climate research and to help communities minimize future risk from major weather events and rising temperatures.

The president, unveiling the plan alongside nearly $200 million in drought response funds for California, said that resilience money would help state and local governments better prepare for similar incidents in the years ahead. The president will include the $1...
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