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Posted on 05/12/2025 10:35:20 AM PDT by DFG
Energy Secretary Chris Wright hinted that he would soon take action canceling billions of dollars' worth of Biden-era green energy loans that he said do not promote American energy security and are too risky for taxpayers.
In an exclusive interview with the Washington Free Beacon, Wright took aim at how the Department of Energy's Loan Programs Office dished out billions of dollars in loans during the final months of the Biden administration. While Wright stopped short of naming particular projects he may cancel loans for, he said the Trump administration would only look to support projects that directly benefit Americans and are not entirely dependent on taxpayer money.
When asked how he will approach pending loans, Wright emphasized that the Department of Energy's core mission is "affordable, reliable, secure energy."
"So, if you've got a project that relates to those things, if you've got equity capital and math that shows your project is going to work, and you're putting your own money in front of it, we can come behind you and provide a little debt capital that can make that happen faster," Wright said. "Those are the kind of deals we'll do."
"We're not going to lend billions of dollars to companies with no money in the technology—who knows if it's gonna work? And even if it did work, it wouldn't add a lot of energy to the United States," he told the Free Beacon. "When we lend, our focus is the American people. If this loan is going to make life for the American people better, then we're in favor of it. If this loan is going give some businessman a chance at a holy grail, we're not going to lend in that case."
(Excerpt) Read more at freebeacon.com ...
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Just do it and STFU. These amateurs keep giving notice for them to set up a defense.
Telegraphing your move is a losing strategy. Like Homeland talking about arresting congress scum for assaulting officers. Anybody else would have been arrested on the spot.
Telegraphing your move Is like crap boxer telegraphing a punch. It gets your ass knocked to the floor every time.
Submit the proposal, project plan with scope, risks, cost and schedule. They should have done this with the green scam energy deal. When people were asking for my resources, my default response was always, “show me the project plan.”
Maybe for most people. But Trump has a way of trolling that causes the rats to scramble so the public can see who they are.
Too late. Staci Abrams already spent it all on McRibs and Hagen-Dazs.
Pretty much anything Biden gave away after the election should be clawed back.
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