Department of Energy Inspector General Warns Biden That His Clean Energy Loan Program Is ‘At Significant Risk of Fraud’
The Biden administration has been rapidly issuing lending contracts ahead of President-elect Trump’s inauguration.
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As the Biden Administration rushes to approve clean energy loans before President-elect Trump takes office, the Department of Energy’s inspector general is now calling on the 46th president to pump the brakes on the nearly $400 billion program which she warns poses a “significant risk of fraud.”
The letter, from inspector general Teri Donaldson, claims that the office in charge of the program has failed to ensure a “regulatory and contractually compliant and effective system to manage organizational conflicts of interest.” These shortcomings, which became evident after a months-long audit into the program, open the door to “a significant risk of fraud, waste, and abuse,” Ms. Donaldson warns.
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