The Government Accountability Office (GAO) announced just days ago that the Department of Energy Loan Guarantee Program will leave taxpayers with costs of $2.2 billion, including $807 million for loans that have defaulted. Designed to encourage investment within green energy projects, five companies have already defaulted on their loans. Investigators from the GAO described those affected projects as “risky” and the companies involved as having a “shaky credit rating.”
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