The big bad feds want to override state property rights protection for Green New Deal carbon sequestration pipeline companies. From Tyler Durden at zerohedge.com:
Agricultural advocates and lawmakers are sounding the alarm this week, as section 41001 of the proposed Budget Reconciliation Act (the Big Beautiful Bill) contains language that would centralize local authority to the federal government regarding land use and land expropriation.
Beginning under the Biden administration’s Federal Plan for Equitable Long-Term Recovery and Resilience (ELTRR), funding from the Inflation Reduction Act (IRA) and the USDA credit line, known as the Commodities Credit Corporation (CCC), were allocated to ideologically aligned Non-Governmental Organizations (NGOs).
Using contract law, NGOs were then tasked with creating a carbon market and strategic buyout programs for federally funded public-private land acquisitions—entered into as an agreement structure with local municipalities—to facilitate the Green New Deal.
Carbon capture has captured Farm Credit, and could soon capture lands across America’s Heartland.
Amid a flurry of administrative rule changes, the Biden administration prioritized government-backed Farm Credit lending for rural utilities. Reallocating parts of the USDA’s Rural Development budget, the Biden administration attracted “eligible organizations” to “invest in renewable energy infrastructure and zero-emission systems,” to “significantly reduce greenhouse gas emissions.”
