1. The Biden Energy Slush Fund.
- Author
-
Strassel, Kimberley A.
- Subjects
- *
MISAPPROPRIATION of funds , *LOANS , *SUSTAINABLE investing , *PRESIDENTIAL administrations , *AUTOMOBILE batteries - Abstract
The article discusses the revival of the Energy Department Loan Programs Office under the Biden administration, which has been given a staggering $400 billion to invest in green companies. The loan office has faced accusations of cronyism and favoritism in the past, and a recent report has raised concerns about a private trade association founded by the director of the loan department, Jigar Shah, which allegedly acts as a gatekeeper for companies seeking financing from the office. Critics argue that the large sum of money allocated to the loan office is a misappropriation of funds and should be reevaluated. [Extracted from the article]
- Published
- 2023