Biden Green Loan Czar To Shell Out Over $1 Billion To Firm Linked To His Old Trade Group — And His Current Office

Biden Green Loan Czar To Shell Out Over $1 Billion To Firm Linked To His Old Trade Group — And His Current Office

  • July 9, 2024

Nick Pope, Daily Caller

The Biden administration’s green loan czar is looking to loan more than $1 billion to a green technology company that is connected to his old trade association and his current federal office.

Department of Energy (DOE) Loan Programs Office (LPO) Director Jigar Shah announced Tuesday that his office has reached a conditional commitment to loan Entek, a company that makes electric vehicle components, up to $1.2 billion in taxpayer funds. Entek has supported the Cleantech Leaders Climate Forum, the “sister nonprofit” of a trade group that Shah started before joining the Biden administration and a co-host of a 2023 green energy conference organized in tandem with LPO

Entek was a “giga level” supporter of the Demonstrate Deploy Decarbonize 2023(Deploy23) conference, a green technology conference held in Washington, D.C. in September 2023. The conference was organized by the Cleantech Leaders Climate Forum and LPO, where Shah currently works, according to its website. Notably, KORE Power — a green tech firm that reached a June 2023 conditional agreement with LPO for $850 million — is also listed as a supporter of Deploy23

“Once again, a recipient of funds from DOE’s Loan Programs Office appears to have a tie to Jigar Shah, the man who heads the office,” Michael Chamberlain, executive director of a government watchdog group called Protect the Public’s Trust, told the Daily Caller News Foundation. “It’s just another of those crazy coincidences that seem to come with the Biden administration’s massive green giveaways – whether from the DOE, the Environmental Protection Agency’s Greenhouse Gas Reduction Fund, or others.”

Read More