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Schwarzenegger: Use stimulus funds to invest in clean-energy

Government stimulus programs designed to keep countries afloat during the coronavirus pandemic offer “a tremendous opportunity” to build a clean-energy economy, actor and former California governor Arnold Schwarzenegger said Thursday.

Schwarzenegger called on governments not to “invest in the past,” saying that “forward-looking decisions” are needed now as trillions are being poured into rebuilding economies around the globe.

“These funds are so massive they’re capable of remaking societies; we have a tremendous opportunity here,” Schwarzenegger said while speaking by video link from Los Angeles to the Austrian World Summit in Vienna, an offshoot of his climate initiative. “All we have to do is pick it up.”

Former California Gov. Arnold Schwarzenegger is seen on a giant video screen during his online broadcasted speech as part of the 'Austrian World Summit' at the Spanish Riding School in Vienna, Austria, Thursday, Sept. 17, 2020. (AP PhotoRonald Zak)

Since leaving political office in 2011, the Austrian-American actor has devoted time to environmental causes. A Republican, he has sparred with U.S. President Donald Trump over climate issues.

“When you hear that government plans to spend stimulus money bailing out fossil fuels, we must ask ourselves: if investors aren’t supporting those declining companies, why should taxpayers?” Schwarzenegger said. “Government must realize what the smart money knows instinctively: don’t invest in the past.”

Schwarzenegger said efficient uses of money would include making buildings more energy-efficient and weatherproof, installing energy-efficiency appliances, cars using alternative fuels and planting trees.

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