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What the United States can learn from Canada s cannabis clarity
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New Malta chip fab would require power and water upgrades
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NEW YORK NOW – U.S. Senate Majority Leader Chuck Schumer was in Saratoga County Monday to provide a boost to successful semiconductor company GlobalFoundries, which announced it was moving its national headquarters from California to New York’s Capital Region.
Schumer also announced $50 billion in federal funding to support the semiconductor industry. China is about 10 years ahead of the U.S. when it comes to government investment in technology, he said.
“While we, the United States, and our genius created the chips, and we are the leader in creating the most advanced chips, we don’t make them here as much as we should,” Schumer said. “China has started making many more than us, the Chinese government has aided and abetted in that.”
GLOBALFOUNDRIES Relocates Corporate HQ to NY | Business | Apr 2021
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While the federal government and many states have been sluggish in taking definitive action against climate change, New York has offered a range of examples of what a state can do by itself. The Climate Leadership and Community Protection Act, a landmark 2019 law, mandated that the state reduce greenhouse gas emissions by 85% by 2050 compared to 1990 levels. The Climate Action Council of experts established by the legislation is expected to work out all the details in a plan due by the end of 2022. And offshore wind and solar energy projects got a boost in the recently passed state budget.
None of these efforts, however, definitively answer a multibillion-dollar question: How is the state going to pay for all of that? With just two months to go until legislators adjourn for the summer, a political alliance of left-leaning environmentalists and community organizers called New York Renews is pushing the idea of a carbon tax to raise billions of dollars each year via legis