Overview
Partner Hunter Johnston was quoted in an article published by Bloomberg Law, "A Trump Win Would Radically Alter the Energy Department’s Green Bank." The article discusses the potential impact of a second Trump administration on the US Energy Department’s Loan Programs Office (LPO). Initially marked for closure under Trump, the LPO thrived under Biden with $400 billion for green technologies. If Trump wins again, he may redirect funds to fossil fuel projects, affecting the future of clean energy initiatives. The LPO's role in advancing technologies like electric vehicles and solar power could face significant setbacks, hindering the US energy transition.
Regarding the LPO, Hunter said: "I would like to see them continue to finance projects. Having a loan program will be attractive to project developers that want to lower the cost of their projects."
Read the article at Bloomberg Law. (subscription may be required)
