Biden Races To Hand Out $25B In Green Loans Before Trump Takes Office
by Thomas Catenacci Nov 25, 2024
The Biden administration is in a hurry to finalize more than a dozen green energy loans worth more than $25 billion before President-elect Donald Trump takes office in mid-January—a frantic effort that lawmakers and industry officials are warning could lead to fraud and abuse of taxpayer money. [emphasis, links added]
Through the Department of Energy’s Loan Programs Office, the administration is working to finalize a total of 16 pending loans worth a total of $25.1 billion, a Washington Free Beacon analysis found.
Those loans figure to be in serious jeopardy—Trump repeatedly vowed to “terminate” green energy spending on the campaign trail—and, in recent weeks, Biden officials have picked up the pace of finalizing pending commitments.
Over the last two months, the Loan Programs Office closed on seven loans worth $5.9 billion, including two that were closed after the election.
https://climatechangedispatch.com/biden-races-to-hand-out-25b-in-green-loans-before-trump-takes-office/
