[theluckycountry]

“These projects failed to meet the economic, national security or energy security standards necessary to sustain DOE’s investment, and taxpayers should not be forced to subsidize them,”

Energy Secretary Chris Wright justified the termination of 24 energy projects allocated $3.7 billion by Congress, during a Senate panel on Wednesday. Wright said the clawbacks were the first round of scrutiny by a newly created review board that is probing 500 authorized ventures set to receive $300 billion in funding through 2032.
Wright said among the first things he did after his January confirmation was ferret through projects set to receive IRA-authorized funding through DOE’s Loan Program Office. “It’s deeply concerning how many billions of dollars were rushed out the door without proper due diligence in the final days of the Biden administration,” he said. DOE “shoveled out more than $100 billion … between Election Day and [Trump’s Jan. 20] inauguration.”

He cited several projects that provided little justification for federal funding, including one slated to receive $2.5 million but then sought, and garnered, $200 million without completing paperwork.

https://www.theepochtimes.com/us/energy ... ks-5875226

The gravy train

[AdamB]

“These projects failed to meet the economic, national security or energy security standards necessary to sustain DOE’s investment, and more importantly, the Orange Clown told us to say this and then do it. ”

Good find Parrot.