• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

AIER Scholar Ryan Yonk Testifies Before Congress on Federal Clean Energy Loan Failures

by April 30, 2025
by April 30, 2025

Washington, DC — Dr. Ryan Yonk, Director of Education and Senior Research Fellow at the American Institute for Economic Research (AIER), testified Wednesday before the House Committee on Science, Space, and Technology Subcommittee on Energy, offering critical analysis of the US Department of Energy’s Loan Programs Office (LPO).

Created under the 2005 Energy Policy Act, the LPO was intended to accelerate clean energy innovation through federal loan guarantees and direct loans. In his testimony, however, Dr. Yonk argued the program has fallen short of its mission.

“The hope in creating the office was to incentivize the development of new and more affordable clean energy, which was viewed as being underprovided in the market,” Yonk said. “In practice, it has largely benefited large, politically connected corporations while increasing the likelihood that high-risk projects receive taxpayer support.”

Among the LPO’s most notable failures was Solyndra, a solar panel manufacturer that received over $500 million in federal loan guarantees before filing for bankruptcy in 2011, leaving taxpayers on the hook and raising questions about the program’s due diligence.

Yonk said the Solyndra downfall, which he chronicled in the book Nature Unbound (2016), exemplifies the structural flaws in government-backed financing.

Dr. Yonk prepares to testify on April 30.

“Government loan initiatives, like the LPO, create a moral hazard problem since companies are more likely to participate in riskier endeavors knowing that they will be able to fund them through non-market alternatives,” Yonk said. 

Read Dr. Yonk’s full remarks: 

Yonk Energy Subcommitee TestimonyDownload

Watch Dr. Yonk’s testimony:

0 comment
0
FacebookTwitterPinterestEmail

previous post
Navigating the Impact of Tariffs on the IoT Market
next post
Is Bitcoin Ready To Retire Gold?

Related Posts

Have Mount Laurel Obligations Made New Jersey Housing...

October 8, 2025

Rent Control Will Make the Housing Crisis Worse

October 8, 2025

Gold’s Acceleration Reveals Vanishing Calm, Coming Change

October 8, 2025

Why the Erosion of Central Bank Independence Matters

October 8, 2025

Oct 7 anniversary: Netanyahu finds unlikely ally amid...

October 8, 2025

Biden didn’t want intel disseminated showing Ukrainian concerns...

October 8, 2025

Cruz clashes with Nigeria over his claims 50,000...

October 8, 2025

House committee withdraws James Comey subpoena for Jeffrey...

October 8, 2025

Trump meets former Hamas hostage Edan Alexander on...

October 8, 2025

Government limps deeper into shutdown crisis with no...

October 8, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Sateliot and Nordic Enable First 5G IoT Link from LEO Satellites

    October 8, 2025
  • Have Mount Laurel Obligations Made New Jersey Housing More Affordable? A Synthetic Control Analysis of Housing Supply and Cost

    October 8, 2025
  • Rent Control Will Make the Housing Crisis Worse

    October 8, 2025
  • Gold’s Acceleration Reveals Vanishing Calm, Coming Change

    October 8, 2025
  • Why the Erosion of Central Bank Independence Matters

    October 8, 2025
  • Cristiano Ronaldo joins the billionaire club, net worth hits $1.4B

    October 8, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 7

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025

Categories

  • Economy (2,816)
  • Editor's Pick (281)
  • Investing (185)
  • Stock (1,920)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

María Oropeza’s Brutal Capture Shows Gen Z...

August 14, 2025

New report reveals how Trump admin will...

March 29, 2025

Video Game Industry Reeling From US Trade...

April 29, 2025