12-17-2024, 07:55 PM
Biden Administration to Give Unprecedented $15 Billion Climate Change Handout to California Company: Report
The Biden administration announced it is providing a record $15 billion low-interest loan to the California utility company PG&E, which is part of a push to get as much green money out the door as possible before President-elect Donald Trump takes office next month.
“The loan by the Energy Department’s Loan Programs Office is slated to fund projects that refurbish PG&E’s hydroelectric infrastructure and upgrade power lines to support renewable energy projects, data centers, and electric vehicles,” The Wall Street Journal reported.
The second largest commitment under the program was a $9.6 billion loan to Ford Motor’s battery joint venture, which the office completed Monday as part of its clean energy lending program.
Biden Administration to Give Unprecedented $15 Billion Climate Change Handout to California Company: Report
The Biden administration announced it is providing a record $15 billion low-interest loan to the California utility company PG&E, which is part of a push to get as much green money out the door as possible before President-elect Donald Trump takes office next month.
“The loan by the Energy Department’s Loan Programs Office is slated to fund projects that refurbish PG&E’s hydroelectric infrastructure and upgrade power lines to support renewable energy projects, data centers, and electric vehicles,” The Wall Street Journal reported.
The second largest commitment under the program was a $9.6 billion loan to Ford Motor’s battery joint venture, which the office completed Monday as part of its clean energy lending program.
Biden Administration to Give Unprecedented $15 Billion Climate Change Handout to California Company: Report