Pelosi: Obama Administration Will ‘Restore’ Energy Loan Guarantee Funding
House Speaker Nancy Pelosi (D-Calif.) just sent out a statement responding to criticism for renewable energy advocates about the state aid bill that passed earlier today. As I noted in a previous blog, the renewable energy industry is furious that the bill cut $1.5 billion in energy loan guarantees to pay for the legislation, which provides $26.1 billion for teachers’ salaries and Medicaid.
According to Pelosi, the Obama administration has committed to “restore” the loan guarantee funding.
Drew Hammill, Pelosi’s spokesperson, said:
Increased funding for renewable energy projects that create jobs here at home and reduce our dependence on dirty and foreign fuels have been a top economic, national security, and environmental priority of Speaker Pelosi.
The Speaker has been assured by the Obama Administration that it will work to restore these funds so that loans planned for later this year can move forward.