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Shovel Ready: Despite Warnings, Biden’s Energy Department Disbursed $42 Billion in Its Final Hours
UNITED STATES, JUN 30 – Nearly $42 billion in green energy loans were approved in the last two days of the Biden administration, exceeding a decade of previous disbursements despite inspector general warnings.
- In the closing hours of the administration, the Biden energy Department in the United States approved nearly $42 billion, exceeding the past decade’s total disbursements.
- The 2022 Inflation Reduction Act injected $400 billion into the Loan Programs Office, transforming it from a nuclear-focused branch into a green-energy lender.
- Amid the flurry, the LPO approved a $9.63 billion loan to Blue Oval SK and a $15 billion loan to Pacific Gas & Electric, ranking as its second-largest and largest post-election commitments.
- Pointing to due diligence gaps, Wright said `billions of dollars were rushed out the door`, prompting the incoming Trump administration’s review with stricter safeguards.
- Furthermore, the outgoing administration positioned funds in `obligated` silos to limit cancellations, effectively tying the incoming administration’s hands.
23 Articles
23 Articles
Biden’s Climate Legacy in Jeopardy as Trump Targets LPO Spending
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 decade. The frenzied activity on Jan. 16 and 17, 2025, capped a spending binge that saw the LPO approve at least $93 billion in current and future disbursements after Vice President Kamala Harris lost the 2024 election in…
Shovel Ready: Despite Warnings, Biden’s Energy Department Disbursed $42 Billion In Its Final Hours
By James Varney, RealClearInvestigations | June 30, 2025 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 decade. The frenzied activity on Jan. 16 and 17, 2025, capped a spending binge that saw the LPO approve at least $93 billion in current and future disbursements aft…
Biden Secretly Dilutes Guidelines to Pass Questionable Green Energy Loans - Real News Now
In its closing hours, the Biden administration’s Department of Energy hastily approved nearly $42 billion in deals for green energy projects. This was an unprecedented action, dwarfing the total sum that the Loan Programs Office (LPO) has distributed over the past ten years. The conspicuous rush of approvals on January 16 and 17, 2025, led to this immense payout, which amounted to more than $93 billion in existing and future funds. It appears th…
Commentary: Despite Warnings, Biden’s Energy Department Disbursed $42 Billion in Its Final Hours | July 1, 2025
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 decade. The frenzied activity on Jan. 16 and 17, 2025, capped a spending binge that saw the LPO approve at least $93 billion in current and future disbursements after Vice President Kamala Harris lost the 2024 election in
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