WSJ: White House Races to Lend Billions in Climate Funds Before Election – Loan office got $400 billion windfall – ‘Stepping up efforts to push cash out the door’

https://www.wsj.com/politics/policy/white-house-races-to-lend-billions-in-climate-funds-before-election-9c5dce7a?page=1

By Scott Patterson on and Amrith Ramkumar

The $400 billion federal clean-energy lending program that has faced criticism for moving too slow is stepping up efforts to push cash out the door before the election.

The Energy Department’s Loan Programs Office was turbocharged by the 2022 Inflation Reduction Act, which gave it hundreds of billions of dollars to lend to clean-energy businesses. So far, it has only used a tiny fraction of that capacity.