Tag: U.S. Department of Energy

Biden Admin Gives Ford, Foreign Company Whopping $9 Billion Loan for EV Plants

Minnesota Sun Staff

The U.S. Department of Energy (DOE) on Thursday announced a conditional loan of up to $9.2 billion to a joint electric vehicle venture between Ford and Korean battery maker SK On.

When combined with state subsidies offered to the joint venture, known as BlueOval SK, the record-breaking loan means that taxpayers will be financing nearly the entire $11.4 billion investment by Ford and SK, according to Blomberg. The loan is the latest in a series of increasingly large offers from the DOE’s Loan Program Office (LPO), which had its lending authority surge to $400 billion — more than 10 times the $33 billion it has issued since 2009 —following the passage of President Joe Biden’s signature climate law, the Inflation Reduction Act.

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Controversial Energy Official Charged with Stealing Woman’s Luggage at Minneapolis−Saint Paul International Airport

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Sam Brinton, one of the first “openly genderfluid individuals in federal government leadership,” was charged with felony theft last month after allegedly stealing a woman’s luggage at MSP Airport.

The MIT grad went viral earlier this year when he announced his new role as the deputy assistant secretary of the Office of Spent Fuel and Waste Disposition in the U.S. Department of Energy.

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University of Kansas Researcher Convicted of Secretly Working for China

Minnesota Sun Staff

On Thursday, a researcher with the University of Kansas was convicted of covering up illegal work he was doing on behalf of China while living in the United States.

According to ABC News, U.S. District Judge Julie Robinson is still weighing a motion to have the case against Feng Tao of Lawrence, Kansas dismissed. Robinson asked Tao’s lawyers to submit in writing their arguments for dismissal. Until then, the trial will proceed accordingly.

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U.S. Energy Department Spent over $1 Billion on Failed Carbon-Cutting Projects

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Over the last decade, the United States Department of Energy (DOE) spent $1.1 billion on various projects that attempted to reduce carbon emissions through the practice of carbon capture and storage (CCS), only for the vast majority of these projects to either fail or be cancelled.

According to the Daily Caller, the waste of taxpayer money was revealed in a Government Accountability Office (GAO) report that was released in December. The report revealed that the DOE had invested $684 million in eight different CCS projects that focused on coal, only for seven of them to be cancelled, while only a single facility remained in operation. The remaining $438 million was spent on three industrial CCS facilities; of these three, two were successful while one was cancelled.

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Oil and Gas Production to Account for 68 Percent of Energy Consumption Over Next Two Decades

The Center Square

Over the next two decades, oil and gas production is projected to account for 68 percent of energy consumption in the U.S. and will play a key role in the energy transition to a low carbon future, according to a new report published by the U.S. Department of Energy.

Natural gas is increasingly powering plants to produce electricity, but oil and natural gas are revitalizing the U.S. petrochemical industry, growing the liquefied natural gas industry, and boosting high-tech materials, the report states.

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