U.S. Secretary of Energy Chris Wright has expressed strong disapproval of the Biden administration's actions, describing a recent surge in green energy loans as "absolutely infuriating."
Wright highlighted that the Department of Energy's Loan Programs Office approved over $90 billion in loans during the brief period between President Donald Trump's 2024 reelection and his January inauguration.
In a conversation with Breitbart News Washington Bureau Chief Matt Boyle, Wright shared insights from a comprehensive review of the Loan Programs Office. He revealed that "more than $90 billion in loans were closed or committed in the 76 days between Election Day and Inauguration Day."
This figure surpasses the total loan volume issued by the office throughout its 15-year existence. According to Breitbart, Wright emphasized, "To put that in context, over 15 years, it had put out about $43 billion. Then we had an election on November 5 last year, right? And President Trump won that election. After that election day and until President Trumps inauguration, $90 billion over twice what was done in 15 years was done in 76 days. More than half of that, $49 billion, in the last two days, Thursday and Friday, before inauguration the next Monday."
Originally intended to foster innovative energy technologies, the Loan Programs Office has, according to Wright, become entangled in political maneuvering. He criticized the government's approach, stating, "The government in general has not been a great picker of winners and losers because they dont look at businesses. Governments look at politics."
Boyle characterized these findings as a significant scandal, raising concerns about the transparency of the process and whether the Biden administration sought to secure preferred projects before the new administration could take action.
This situation underscores the ongoing debate over the role of government in selecting and funding energy initiatives, with implications for both economic policy and political accountability.
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