Biden Admin Rushed Out $90B in Green Loans After Trump’s 2024 Victory
The American Energy Secretary, Chris Wright, slams the Biden administration for what he calls a wave of “absolutely exasperating” spending, revealing that more than $ 90 billion in green energy loans were pushed by the re -election of the Ministry of Energy in the weeks between the re -election of President Donald Trump in 2024 and his inauguration of January.
In an interview with Breitbart News, the head of the Washington office, Matt Boyle, Wright detailed The results of a newly completed examination of the Ministry of Energy loan programs, revealing that “more than $ 90 billion in loans have been closed or committed within 76 days between election day and inauguration day”. This amount exceeds the total volume of loans issued by the Office on all of its 15 years of history.
“To put this in context, over 15 years, he had extinguished around $ 43 billion. Then we had an election on November 5 of last year, right? And President Trump won this election. After this electoral day and until the inauguration of President Trump, $ 90 billion – more than twice what has been done in 15 years – was done in 76 days. More than half of this next Monday, in the last two days, Thursday, before Monday.
The loan programs office was initially designed to support innovative energy technologies. But Wright argued that the process had become politicized. “The government in general was not a great picker of winners and losers because they do not look at companies. Governments look at politics. “
Boyle has described revelations as a massive scandal, raising questions about transparency and if the Biden administration used its last weeks in power to lock favored projects before the inbound administration can intervene.
