Loudermilk Questions DOE Official on Defaulted Government Loans

Statement

During a recent Energy and Oversight Subcommittee hearing, Rep. Barry Loudermilk (R-GA) questioned the Executive Director of the Department of Energy (DOE) Loan programs Office, Mark McCall, on the risks associated with the Department of Energy's (DOE) controversial program to provide federal loan guarantees to green energy companies.

"Several years into this experiment, it is becoming clear these efforts have wasted vast amounts of taxpayer dollars; yet, in August 2015, the President announced that the Department of Energy's Loan Program Office would make an additional $1 billion in loan guarantees available for commercial scale distributed energy projects. This committee welcomes and embraces new businesses and technologies, but it is important that they be brought to commercial scale by market forces, not political whims," said Rep. Loudermilk.

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