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Energy Dept Quadruples Lending Budget In Rush To Approve "Green Energy" Loans Before Trump
The Department of Energy loan office quadrupled its available lending budget to over $240 billion this week, as Biden officials rush to approve a flurry of "green energy" loans before President-elect Donald Trump takes office.
The DOE Loan Programs Office (LPO) said on Tuesday that it’s increasing its lending power under the Energy Infrastructure Reinvestment program from $57 billion to $246 billion in the final months of Biden’s presidency.
The announcement comes amid speculation over Trump’s plans for the controversial office, which is under investigation by Republican lawmakers and the DOE inspector general over potential conflicts of interest relating to loan disbursements.
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