{"id":357750,"date":"2024-12-22T08:35:39","date_gmt":"2024-12-22T07:35:39","guid":{"rendered":"https:\/\/climatescience.press\/?p=357750"},"modified":"2024-12-22T08:35:42","modified_gmt":"2024-12-22T07:35:42","slug":"jigar-shah-end-does-loans-grants-now","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=357750","title":{"rendered":"Jigar Shah: End DOE\u2019s Loans\/Grants Now!"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From Master Resource<\/a><\/p>\n\n\n\n

By David Bergeron<\/em><\/p>\n\n\n\n

Ed. Note<\/strong>: The author<\/a> is a solar technologist and founder\/CEO of SunDanzer<\/a>, a free-market, off-grid solar company based in Tuscon, Arizona. Jigar Shah<\/a> is director of the $400 billion Loan Programs Office<\/a> in the U.S. Department of Energy.<\/p>\n\n\n\n

Dear Jigar:<\/p>\n\n\n\n

We both have a passion for solar and renewable energy to succeed in the marketplace, and we both have progeny that will inherit the environment after we are gone. Leaving them a better place\u2014ecologically, fiscally, and otherwise\u2014is our North Star. This can be done with wisdom, skill, and compassion.<\/p>\n\n\n\n

Massive annual budget deficits and record accumulated national debt are getting worse by the day. The annual deficit is now $1.8 trillion<\/a> (FY 2024), despite a 11 percent increase in tax receipts. FY 2025 is shaping up to be worse<\/a>. The accumulated debt of $36 trillion comes out to $107,000 per U.S. citizen and $272,000 per taxpayer. And by the time you read this, the debt will be tens of millions of dollars more (see US Debt Clock here<\/a>).<\/p>\n\n\n\n

The federal government\u2019s futile, wasteful crusade against carbon dioxide (CO2<\/sub>) is part of the deficit\/debt problem. Rushing out taxpayer commitments to struggling companies spites the American people who voted for fiscal prudence in the recent election. Such desperation also compromises due diligence. \u201cThese actions raise significant concerns regarding the timing, integrity, and potential risk to taxpayers,\u201d warned GreenMet in \u201cRushing the Clock<\/a>.\u201d<\/p>\n\n\n\n

\n

The expedited nature of these approvals appears politically motivated and carries implications that may have long-term ramifications. Although these loans may align with the administration\u2019s energy policy objectives, the manner in which they are granted could undermine their intended purpose, ultimately exposing taxpayers to financial liabilities resulting from questionable decisions.<\/p>\n<\/blockquote>\n\n\n\n

A recent special report<\/a> by the Office of Inspector General (OIG) has questioned your program, stating<\/a>:<\/p>\n\n\n\n

\n

There is tremendous risk to the taxpayer from the recent historic expansions of Department of Energy programs. [Different laws have] \u2026 provided the Department with an unprecedented $99 billion in new appropriations, $30.5 billion in new authorizations, and an enhanced loan authority of over $400 billion\u2026. This almost half a trillion in authority is more than 23 times that of the LPO portfolio balance as of November 2021, when the IIJA was signed.<\/p>\n<\/blockquote>\n\n\n\n

The companies being rescued are not healthy or they would not need government loans. Coming reform by the new Administration promises to remove or terminate the subsidies that these companies depend on to service their debt. This spells trouble and not a legacy you want to leave for yourself or the next generation.<\/p>\n\n\n\n

So please, I urge you to instruct the Loan Programs Office<\/a> to stop making these loans. Resign, if necessary, and state in your resignation letter your concerns about federal spending and the peril of throwing good money after bad. Defer to Chris Wright, the presumtive new head of the Department of Energy, to wind down the agency toward privatization, transfer, and termination.<\/p>\n\n\n\n

Free-market energy is the best path for consumers, taxpayers, and the economy. It is time for a new beginning now, not next month. Stop these loans!<\/p>\n\n\n\n

\u2013 David Bergeron: CEO SunDanzer <\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The author\u00a0is a solar technologist and founder\/CEO of\u00a0SunDanzer, a free-market, off-grid solar company based in Tuscon, Arizona.\u00a0Jigar Shah\u00a0is director of the\u00a0$400 billion Loan Programs Office\u00a0in the U.S.\u00a0Department of Energy.<\/p>\n","protected":false},"author":121246920,"featured_media":357754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691829997,691823935,691832217,691818181,691832216],"class_list":{"0":"post-357750","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-carbon-dioxide-co","9":"tag-department-of-energy","10":"tag-office-of-inspector-general-oig","11":"tag-renewable-energy","12":"tag-u-s-department-of-energy-2","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/00-1x-1.webp?fit=2000%2C1334&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1v4a","jetpack-related-posts":[{"id":243324,"url":"https:\/\/climatescience.press\/?p=243324","url_meta":{"origin":357750,"position":0},"title":"What Debt Ceiling? 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Morgan Griffith: Chair, Subcommittee on Oversight and Investigations.","rel":"","context":"In \"Biden-Harris Administration\"","block_context":{"text":"Biden-Harris Administration","link":"https:\/\/climatescience.press\/?tag=biden-harris-administration"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0loans-v-grants-scaled-1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0loans-v-grants-scaled-1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0loans-v-grants-scaled-1.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0loans-v-grants-scaled-1.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0loans-v-grants-scaled-1.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/357750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=357750"}],"version-history":[{"count":3,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/357750\/revisions"}],"predecessor-version":[{"id":357756,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/357750\/revisions\/357756"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/357754"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=357750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=357750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=357750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}