One of the things that you see when you read Project 2025 is not just the racist dog whistles, but some ideas that were exactly lifted from some of the most extreme white supremacists ever.
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Department of Energy and Related Commissions
Personnel
By drawing resources from across the DOE, the OCED has already grown to 70 personnel in six months. If OCED is eliminated, those positions can be eliminated. If OCED is reduced, its personnel can be reduced to fit its scope.
LOAN PROGRAM OFFICE (LPO)
Mission/Overview “LPO’s mission is to finance next-generation U.S. energy infrastructure,” serve “as a bridge to bankability for breakthrough projects and technologies,” and “de-risk[] them at early stages of investment so they can be developed at commercial scale and achieve market acceptance.” The Biden Administration directed the program to subsidize the Administration’s “net zero” energy transition away from conventional fuels by 2050 and to promote union jobs and domestic supply chains.*° The LPO coordinates with the U.S. Treasury Federal Financing Bank and is organized into seven divisions: Outreach and Business Development, Origination, Portfolio Management, Risk Management, Technical and Project Management, Legal, and Management and Operation. Its loan programs were originally designed as temporary programs but have since been amended and expanded. Specifically:
The IRA expanded the authority in [LPO’s] existing programs, 1703, ATVM, and Tribal Energy Finance, by $100B. IRA also created the Energy Infrastructure Reinvestment (EIR) Financing Program (1706) which can support up to $250B in loan authority. The CO2 Infrastructure Finance and Innovation Act (CIFIA)—authorized by the [bipartisan infrastructure law], appropriates $2.1B to support approximately $25B in flexible, low-interest loans. This new legislation will create jobs and wealth, address environmental justice and equity priorities and strengthen our
energy security and supply chains.*’ Needed Reforms
Taxpayers should not be backing risky business ventures or politically preferred commercial enterprises. To save tax dollars and reduce current risk, the new Administration:
• Should not back any new loans or loan guarantees.
• Should seek to sunset DOE’s loan authority through Congress and eventually eliminate the Loan Program Office.