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
Jul 31, 202072K Shares1.2M Views
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:
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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.
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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.