PTF Calls on Congress to Investigate Biden’s Lame Duck Loans

Washington, D.C. - Down to nearly the last month of their term, the Biden Administration is handing out a record $15 billion loan to a California utility. The low-interest loan will reportedly go to fund more green energy projects in the state. However, California’s current years-long push toward renewables has already given the state the dubious distinction of the highest power bills in the nation.

“In a state where families are already suffering the highest utility bills in the nation, Joe Biden wants to saddle families with having to pay back a record loan or he expects a default and taxpayers will be stuck with the bill,” said Daniel Turner, Founder and Executive Director for Power The Future. “This administration is burning billions on their way out the door and the next Congress must investigate the people behind these lame duck loans and hold them accountable if it turns out the taxpayers are getting fleeced.”

These latest loans are in addition to those handed out during the Thanksgiving holiday, when the Biden Administration loaned $6.6 billionto a struggling EV manufacturer.

Power The Future is a 501c4 non-profit dedicated to fighting for American energy workers.

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