« previous next »
Pages: [1]   Go Down

Author Topic: GOP Reps Demand DOE Stop Issuing Green Loans Amid ‘Lame-Duck Spending Bonanza’  (Read 569 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • TBR Contributor
  • *****
  • Posts: 176,780
GOP Reps Demand DOE Stop Issuing Green Loans Amid ‘Lame-Duck Spending Bonanza’
« on: December 06, 2024, 07:15:25 am »
GOP Reps Demand DOE Stop Issuing Green Loans Amid ‘Lame-Duck Spending Bonanza’
by Nick Pope  Dec 5, 2024 
 
Republicans on the House Energy and Commerce Committee are demanding that the Department of Energy’s (DOE) green tech loans office stop giving out loans amid a lame-duck lending bonanza. [emphasis, links added]

Republican Reps. Cathy McMorris Rodgers of Washington, Jeff Duncan of South Carolina, and H. Morgan Griffith of Virginia wrote to DOE Loan Programs Office (LPO) director Jigar Shah to demand that LPO stop issuing any new conditional commitments, loans or loan guarantees in the waning days of the Biden administration.


LPO — which supports fledgling green tech companies that may otherwise struggle to secure private sector financing — has significantly accelerated its lending in recent months, and the office is reportedly hustling to lock in approximately $25 billion worth of financing before President-elect Donald Trump takes office in January 2025.

“On election day, the American people rejected the Biden-Harris administration’s rush-to-green agenda,” the lawmakers wrote in their letter to Shah.

https://climatechangedispatch.com/gop-reps-demand-doe-stop-issuing-green-loans-amid-lame-duck-spending-bonanza/
Logged
The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline rangerrebew

  • TBR Contributor
  • *****
  • Posts: 176,780
Re: GOP Reps Demand DOE Stop Issuing Green Loans Amid ‘Lame-Duck Spending Bonanza’
« Reply #1 on: December 09, 2024, 07:03:22 am »
GOP Leaders Demand Biden-Harris Admin Freeze Lame Duck Green Loans – Already dished out $21 billion in green loans since November election
By Marc Morano
December 8, 2024
 
By Thomas Catenacci
December 5, 2024

House GOP leaders are calling on the Biden-Harris administration to immediately freeze its behemoth green energy loan disbursements, which officials have accelerated in recent weeks ahead of President Donald Trump’s upcoming term, the Washington Free Beacon has learned.

Reps. Cathy McMorris Rodgers (R., Wash.), Morgan Griffith (R., Va.), and Jeff Duncan (R., S.C.), all of whom serve in top positions on the Energy and Commerce Committee, penned a letter Wednesday to the Department of Energy’s Loan Programs Office, arguing that its recent flood of loans presents substantial financial risks to taxpayers. They added that the accelerated spending appears motivated by looming cuts to green energy loan programs, which Trump has promised to “terminate.”

The Republicans cite a recent Free Beacon analysis that tracked all pending and closed green loans dished out by the Loan Programs Office. Since that analysis was published last month, the office’s total financial commitments have increased from $37.6 billion to nearly $57 billion, a jump driven in large part by multibillion-dollar loans promised to automakers Rivian and Stellantis for electric vehicle projects.

https://www.climatedepot.com/2024/12/08/gop-leaders-demand-biden-harris-admin-freeze-lame-duck-green-loans-already-dished-out-21-billion-in-green-loans-since-november-election/
Logged
The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline DefiantMassRINO

  • Hero Member
  • *****
  • Posts: 11,232
  • Gender: Male
Re: GOP Reps Demand DOE Stop Issuing Green Loans Amid ‘Lame-Duck Spending Bonanza’
« Reply #2 on: December 09, 2024, 09:11:45 am »
How's that FY2025 Budget coming along, guys?

Logged
"Political correctness is a doctrine fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it’s entirely possible to pick up a turd by the clean end." - Alan Simpson, Frontline Video Interview

Offline mountaineer

  • Hero Member
  • *****
  • Posts: 62,045
Re: GOP Reps Demand DOE Stop Issuing Green Loans Amid ‘Lame-Duck Spending Bonanza’
« Reply #3 on: February 11, 2025, 02:55:22 pm »
Former Biden DOE Loan Programs Office director Jigar Shah was asked “Is there anything you wish you had done differently at LPO?”

His response: “Not a single thing.”

Could that be because he finalized a $1.6 BILLION federal loan to a company with which he had prior financial ties?

https://twitter.com/SteveGuest/status/1889327853545591059
Logged
The abnormal is not the normal just because it is prevalent.
Roger Kimball, in a talk at Hillsdale College, 1/29/25
Pages: [1]   Go Up
« previous next »