Climate Politics
GOP Targets Biden’s $400 Billion Green Fund, Threatening to Slow Loans
Republicans on Capitol Hill are scrutinizing an Energy Department loan program for evidence of mismanagement.
Senator John Barrasso
Photographer: Amanda Andrade-Rhoades/BloombergThis article is for subscribers only.
Congressional Republicans are putting President Joe Biden’s $400 billion green bank in their crosshairs, seeking a repeat of the political victory they scored in 2011 with the scandal over collapsed solar company Solyndra.
The probe of the Energy Department’s green lending arm threatens to slow the rollout of new clean energy technology that can replace fossil fuels, a key piece of Biden’s climate agenda. If Republicans succeed in finding a Solyndra-like failure, it could be a political blow for the president in an election year.