House Passes Bill Banning Noncitizen Voting in D.C. Elections
Here's Why the Chinese Military Surrounded Taiwan on Thursday
Portland Voters Oust Woke, Soros-Backed DA
University Officials Refuse to Say If Pro-Hamas Students Should Be Expelled for Harassing...
Schumer's Border Bill Redo Attempt Goes Up in Flames
The DOJ and 30 Attorneys General Have Filed a Lawsuit Against Ticketmaster
Jim Banks Tears Into Northwestern Over Pro-Hamas Faculty
Poll: Would Kamala Harris Be Stronger Than Biden Against Trump?
New Privacy Legislation Risks US National Security. Republicans Should Steer Clear.
Is New Hampshire Another State in Play?
'International Organization With No Real Legitimacy': Support for Chip Roy's Bill Sanction...
A Clinic Provided a Washington School District With a ‘Transgender Survey’ for Students
Rashida Tlaib Paid Anti-Israel Consultant Tied to Terrorist-Linked Groups
Another State Banned So-Called 'Transition Care' for Minors
Uh Oh: Whistleblower Documents Suggest Hunter Biden Repeatedly Lied Under Oath
Tipsheet

Despite Solyndra, Energy Department giving out loans faster than before

As the Solyndra scandal continues to dominate headlines, it looks like the Energy Department is continuing its program of giving out loans to clean-technology companies. However, as the
Advertisement
Washington Post recently reported, payments to energy companies are now taking place at a FASTER rate than they were before.

From the Post:
The Energy Department, under fire over its management of a program that offers loan guarantees to clean-technology companies, has been finalizing additional multimillion-dollar loan guarantees in the program at a rate of more than one a week since the beginning of August. It now has just two weeks left to commit the program’s remaining $9.3 billion....

Since the start of August, the Department of Energy has closed seven loan guarantees, at a rate of more than one a week — after approving just 11 in the previous 26 months of the program.
So it looks like the Energy Department is not only moving forward with the program. It's giving out loans faster than it was before so that it can spend more of the BILLIONS of dollars that are remaining.

One hopes that the department is now giving more scrutiny to companies than it was before but with the deadline looming, I'm not optimistic.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement