Energy Secretary Chris Wright has denounced the Biden administration for what he calls last-minute spending “completely infuriating” and revealed that within the weeks between President Donald Trump’s 2024 reelection and his January Innogger, the Department of Energy’s Office of Loan Programmes has pushed up greater than $90 billion in inexperienced power loans.
In an interview with Breitbart News’ Washington Director Matt Boyle, Wright detailed the outcomes of the newly accomplished assessment of the Department of Energy’s Loan Program workplace, revealing that “greater than $90 billion in loans have been closed or dedicated in 76 days since Election Day.” This quantity exceeds the entire quantity of loans issued by the workplace over its 15-year historical past.
“To put that in context, we put about $43 billion over 15 years. Then we had the election final November fifth? And President Trump received the election. After that election day, $90 billion was remodeled 15 years till Trump’s inauguration.
The Loan Program Office was initially designed to assist progressive power applied sciences. However, Wright argued that the method had been politicized. “Government basically wasn’t an incredible picker of winners and losers as a result of they did not see companies. Governments are taking a look at politics.”
Boyle described the revelation as a large scandal, poses questions on transparency and explains whether or not the Biden administration used the ultimate week to shut out a profitable challenge earlier than the following administration stepped in.