Posted by Leslie Eastman
While determining the biggest loser in the Biden administration was challenging, it will be equally challenging to name the most effective and competent official in the current Trump administration.
Energy Secretary Chris Wright is undoubtedly a strong contender for this designation. He has been busy untangling the web of climate cult financing. He has discovered that in the final weeks of the Biden administration, the U.S. Department of Energy (DOE) accelerated the allocation of nearly $100 billion in green energy loans and commitments.
He reviewed the numbers while being interviewed by Maria Bartiromo on Fox Business. Wright noted that the $100 billion far exceeded the total amount the DOE’s Loan Programs Office (LPO) lent in the previous 15 years (about $42 billion).
…Let me repeat about a little over $40 billion was supplied in support through the loan program office in its 15 years of existence. A little over 40 billion and then almost a hundred billion in the 76 days after they lost the election and before President Trump’s inauguration.
Like if those were great ideas that were benefit to the America, why didn’t they do it in the two and a half years after the inflation reduction act was passed? What did they wait till they lost the election? They changed terms and loan covenants. They basically tried to set bombs to make it hard for us to unwind the mess they’d created.
That’s just not a responsible way to treat American taxpayer money and to move our energy system forward. So, yes, we’ve stepped into a lot of mess, but this stuff’s all fixable. We’ve got an aggressive team going after it. And you see already American energy prices are down. investments in America to bring jobs back are up. So, I think we’re going the right direction. But, yeah, we’ve got a lot to clean out.
During the interview with Bartiromo, Wright also stressed that the Trump administration supports the development of other energy sources besides solar and wind.
Well, the great news is all we really have to do is undo all the wrongheaded policies of the last administration. You know, they came in saying they promised they were going to get rid of fossil fuels. Well, they were a little over 80% of American energy when they were elected and they were a little over 80% of American energy when they left.
The thing they did do was make them all more expensive. And they did that by just getting policies to get in the way of the commercial production of energy. So we’re clearing out a lot of that underbrush to make it easier, reppering natural gas export terminals, common sense permitting and regulation on building pipelines.
We’re going to give a help and a nudge to kickstart nuclear energy in the United States. Again, very excited about that. Geothermal is a new emerging technology, but we’ll end this sort of obsession with only wind, solar, and batteries that are still less than 4% of American energy. But they were all in on just that tiny little quadrant of the energy sector.
All of this sounds great, but I share Bartiromo’s concerns about getting policies codified in Congress…in the event climate cultists get their hands on America’s treasury again.
Wright’s response was less clear, but it indicates that meaningful reforms should be passed during this term.
I would say there’s great interest in Congress to make long-term structural fixes. On the news, you hear a lot about what we’re doing in the short run because that’s moving fast. There’s also at least as much effort on these long-term structural codifications you just mentioned. So, you know, no specifics yet.
Nothing has been passed through Congress of meaning, but you’re going to see meaningful changes to our laws some this year and you will see it steadfast throughout this term. We will not be able to go back to the lunacy we arrived in whenever the Democrats come back to power. I think there’ll be some meaningful checks on the lunacy that can return.
Efficient and affordable energy is the lifeblood of the American economy. If Wright can claw back this money and remove regulatory blogs on nuclear and fossil fuel development, he will be a contender for the Top Trump Pick among the current crop of administrators and agency heads.
The full interview is here:
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Typical was 2 billion to Stacy Abrams’ NGO
that had $100 dollars in activity the previous year.
As I recall Obama handed an eye watering sum to the UNhinged on his way out…
The US government has given half a billion dollars to the UN’s Green Climate Fund, just three days before Donald Trump takes office.
https://www.bbc.co.uk/news/world-us-canada-38661259
Seems like a bad habit.
Biden makes Obama look like a skinflint: $100 billion verses $0.5 billion.
Inflation reduction….
This $100 billion is just a political slush fund passed out to radical Democrat organizations.
Just think how many problems the radical Democrats can create with $100 billion.
That’s a lot of pallets of bricks for the riot industry.
A billion here, a billion there, and pretty soon you’re talking real money. Oh well, Governments around the world use New Economics – “Borrow Your Way Out Of Debt”.
Seems to be working so far.
I’m sure that Autograph Biden knew nothing about shifting 1.3 billion a day.
Nevertheless checking Hunter’s new laptop might be in order.
Are you referring to Autopen Biden?
Perchance all these NGO allocations were auto-signed?
Unfortunately, if Epstein’s analysis is correct, Republicans once again are failing to deliver on their promise to get rid of the Inflation Acceleration and Wasteful Spending Act’s not so green subsidies. Our political system is corrupt and broke. We can only hope that this nonsense gets revisited.
Dealbreakers to the proposal to “phase out,” not terminate, IRA subsidies
An international group that “certifies carbon credits” suspended its approval for a carbon offset program in Kenya Africa because the Maasai herders who have grazed across Africa for centuries may have needed the four million acreas of grassland they put off limits. Who knew?
Netflix and Meta’s Carbon Credits Snared in Dispute With Maasai Herders
https://www.wsj.com/us-news/climate-environment/netflix-and-metas-carbon-credits-snared-in-dispute-with-maasai-herders-4f01a59f
It is good that Chris Wright has a team working on where the loans went and how much can be cancelled or retrieved.
Insofar as the US Govt is deeply in debt, where did the money come from? Was it borrowed from “friendly” foreign countries, or did they simple just create $100B with a keystroke?
My bank won’t let me do that! 😡
China owns a significant portion of the US debt.
Could anything be more cynically counter to will of the people, than to spend money specifically against their wishes during the time-out? Democracy indeed.
Biden was certainly corrupt enough to do this, but we know he was not cognizant of much. This was done by the autopen and whoever was commanding it. Thus, there is an argument to be made that this was not just cynical but perhaps illegal.
Kinda off topic, but I’m still wondering how come with all these $millions / $billions / $trillions being shoveled out to science bodies, we still can’t produce a kitchen smoke detector that doesn’t go off as soon as a bread toaster is started up.
C’mon guys & gals, get our priorities sorted out please.
Don’t put one in the kitchen. Problem solved.
Put the toaster in the bedroom?
Could put it in the bathroom.
Then no smoke detector inventible by humans could ever differentiate toast smells from the other smells that are created in those small spaces.
(Note – this is not a hypothesis. It’s a law based upon centuries of observations by billions of people all around the world.)
I’ve heard this story several times and it seems credible. But why aren’t we seeing lists of payments, the NGOs receiving them, and the politician(s) associated with them?
There is a simple solution to this mess. The Energy Department budget is around 30 billion per year I think. Let the Energy Department know that the 100 billion they gifted to their friends after the election is their budget for the next three years. Good luck getting it back.
“Biden Team Pumped $100 Billion OF TAXPAYERS’ DOLLARS Into NGOs, Green Energy Scams After Trump Win”. (That is, after Kacles lost and before before Trump was sworn in.)When the “whosoever’s” knew they lost and were lame ducks, they did as much damage as they could while they still had some power.
I don’t know how it could be done but, here in the US, it would be nice to have a legal way to pluck the feathers of the lame ducks.
(Perhaps legislation/EOs passed after an election can’t come into effect until a month after the various swearing ins?)
“If Wright can claw back this money and remove regulatory blogs on nuclear and fossil fuel development”
Blogs? Was that supposed to be “blocks”?
Yeah, she needed to rewrite that sentence. Something like: “…remove some of the regulations in the way of fossil fuel development.”