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  • White House Races to Lend Billions in Climate Funds Before Election

    09/01/2024 4:48:57 AM PDT · by karpov · 26 replies
    Wall Street Journal ^ | August 31, 2024 | Scott Patterson and Amrith Ramkumar
    The $400 billion federal clean-energy lending program that has faced criticism for moving too slow is stepping up efforts to push cash out the door before the election. The Energy Department’s Loan Programs Office was turbocharged by the 2022 Inflation Reduction Act, which gave it hundreds of billions of dollars to lend to clean-energy businesses. So far, it has only used a tiny fraction of that capacity. Biden administration officials fear that if Donald Trump is elected, the office would stop making loans. The program was largely dormant while Trump was president. “The election is everything,” said Adam Forgie, the...