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Shovel Ready: Despite Warnings, Biden’s Energy Department Disbursed $42 Billion in Its Final Hours
- In its last two days, the Biden administration's Energy Department approved nearly $42 billion for green energy projects, exceeding total disbursements made over the previous decade, as reported by James Varney.
- Despite warnings from the inspector general about conflicts of interest, at least $93 billion in current and future disbursements were approved following the 2024 election loss.
- Concerns have arisen regarding the financial viability of projects like Zum Energy, which filed for bankruptcy shortly after receiving loans, raising fears of repeated failures.
- Energy Secretary Chris Wright expressed concern over nearly $42 billion in loans pushed out without proper diligence, highlighting the risky nature of many projects involved.
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Shovel Ready: Despite Warnings, Biden’s Energy Department Disbursed $42 Billion in Its Final Hours
In its last two working days, the Biden administration’s Energy Department signed off on nearly $42 billion for green energy projects – a sum that exceeded the total amount its Loan Programs Office (LPO) had put out in the past…
·Pennsylvania, United States
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Coverage Details
Total News Sources10
Leaning Left0Leaning Right6Center3Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 33%
R 67%
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