By Congressman Randy Weber (R-TX)
It’s time to fundamentally revamp the Department of Energy’s (DOE) Loan Programs Office—and we need to do it under a strong, America-first administration like President Trump’s. What was originally designed to support promising energy innovation has been hijacked by the Left and turned into a taxpayer-funded piggy bank for their radical climate agenda. It no longer serves the American people—it serves politics.
As of September 2024, the Loan Programs Office had financed an eye-popping $43.9 billion in so-called “innovative clean energy” projects and advanced vehicle manufacturing ventures across the country. Over the past decade, it has closed more than $30 billion in deals—many of them speculative, politically motivated, and disconnected from market reality. Under President Biden’s Inflation Reduction Act,…
