Trump Can’t Kill Solyndra Loan Office That Outperforms Banks
- Energy Department loan program generated $1.65 billion to date
- Program supports renewable energy, nuclear, fossil fuels
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The federal energy program that’s best-known for a failed loan to solar manufacturer Solyndra LLC is generating billions for the government and probably won’t be going anywhere under Donald Trump.
The incoming president can’t unilaterally kill the U.S. Energy Department’s loan programs office. Only Congress can do that, with new legislation. And that’s doubtful, according to the program’s executive director and his two most recent predecessors, all appointees of President Barack Obama.