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US battery and miner recyclers have been rushing to close billions-dollar government loans before January, out of fear that the former president Donald Trump, if elected, would block funding necessary to boost American production of vital minerals for energy transition.
Before funds can be disbursed, the LPO office must review each loan and consult with other government agencies. This includes engineers, financial experts, and Energy Secretary Jennifer Granholm. Trump has distanced himself from Project 2025 despite the fact that many of its energy-related sections were written by his former aides.
When Biden and Harris assumed office in January 2021, the LPO employed 90 people. Now it employs 400.
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