Biden’s Reckless $42 Billion Green Energy Spending Exposed
Submitted by MAGA Student
Posted 2 days ago
**Devastating Failures of the Biden Administration: ¥42 Billion Green Energy Spending Frenzy Exposed**
In a shocking turn of events, new reports reveal that the Biden administration’s last-minute push to disperse nearly $42 billion towards green energy projects was not only reckless but also potentially harmful to taxpayers and the company's long-term viability.
During the final days of the Biden presidency, the Energy Department’s Loan Programs Office (LPO) approved a staggering $93 billion in loans, with a significant chunk approved in just two days.
This mad dash appears motivated by concerns that the incoming Trump administration would redirect these funds away from untested green projects.
Additionally, the LPO's new leadership under President Trump is launching a thorough review of these hurried transactions.
It raises an alarming question: how many of these investments were made without proper due diligence, in the rush to fulfill a leftist agenda rather than prioritize the interests of American taxpayers?
The immediate fallout from this spending spree echoes previous government-funded green projects that ended in disaster, such as the infamous Solyndra.
Some of these rushed approvals include a $382 million loan for Sunnova, a rooftop solar company that has since filed for bankruptcy.
Li-Cycle, a battery recycling firm, received a whopping $445 million but has also put itself up for sale as concerns swell over its future.
Meanwhile, the $705 million allocated for a California electric school bus project has already raised eyebrows due to ballooning costs that surpass traditional diesel buses by over 100%.
Former Energy Secretary Chris Wright has justifiably expressed concerns about the hasty disbursement of these billions.
He emphasized the need for stricter oversight to ensure taxpayer dollars aren't squandered on companies linked to political cronyism or without viable business models.
The reforms proposed by the Trump administration signal a positive shift toward fiscal responsibility as they prioritize projects with workable business plans—especially in the critical national security areas like nuclear energy.
As these projects are reviewed, countless Americans are left wondering how such an unfathomable amount could be entrusted to organizations that may have benefited from swift governmental favors over genuine market viability.
The legacy of the Biden administration's final days is a glaring reminder of the need for careful scrutiny in government spending, particularly when those dollars are meant to bolster innovation and energy independence for the American people.
Only time will tell how the Trump administration will untangle this web of rushed deals, but one thing is sure—conservatives are ready to advocate for a future focused on responsible governance and energy independence.
Sources:
naturalnews.com
politico.com
zerohedge.com
In a shocking turn of events, new reports reveal that the Biden administration’s last-minute push to disperse nearly $42 billion towards green energy projects was not only reckless but also potentially harmful to taxpayers and the company's long-term viability.
During the final days of the Biden presidency, the Energy Department’s Loan Programs Office (LPO) approved a staggering $93 billion in loans, with a significant chunk approved in just two days.
This mad dash appears motivated by concerns that the incoming Trump administration would redirect these funds away from untested green projects.
Additionally, the LPO's new leadership under President Trump is launching a thorough review of these hurried transactions.
It raises an alarming question: how many of these investments were made without proper due diligence, in the rush to fulfill a leftist agenda rather than prioritize the interests of American taxpayers?
The immediate fallout from this spending spree echoes previous government-funded green projects that ended in disaster, such as the infamous Solyndra.
Some of these rushed approvals include a $382 million loan for Sunnova, a rooftop solar company that has since filed for bankruptcy.
Li-Cycle, a battery recycling firm, received a whopping $445 million but has also put itself up for sale as concerns swell over its future.
Meanwhile, the $705 million allocated for a California electric school bus project has already raised eyebrows due to ballooning costs that surpass traditional diesel buses by over 100%.
Former Energy Secretary Chris Wright has justifiably expressed concerns about the hasty disbursement of these billions.
He emphasized the need for stricter oversight to ensure taxpayer dollars aren't squandered on companies linked to political cronyism or without viable business models.
The reforms proposed by the Trump administration signal a positive shift toward fiscal responsibility as they prioritize projects with workable business plans—especially in the critical national security areas like nuclear energy.
As these projects are reviewed, countless Americans are left wondering how such an unfathomable amount could be entrusted to organizations that may have benefited from swift governmental favors over genuine market viability.
The legacy of the Biden administration's final days is a glaring reminder of the need for careful scrutiny in government spending, particularly when those dollars are meant to bolster innovation and energy independence for the American people.
Only time will tell how the Trump administration will untangle this web of rushed deals, but one thing is sure—conservatives are ready to advocate for a future focused on responsible governance and energy independence.
Sources:
naturalnews.com
politico.com
zerohedge.com
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