Hurlbut: DOE Loan Programs Office has ~3% default rate
Brandon Hurlbut · Political Climate: Is the IRA under political threat? · Apr 26, 2024 · at 39:29
Brandon Hurlbut defends the risk profile and performance of the DOE Loan Programs Office against Republican criticisms.
0:00 / 0:10exact quote · 10.6s
720p mp4 · rendered on demand · StarZero watermark
“The default rate on those loans is about three percent, which is in line with a commercial bank, yet the DOE is required by statute to take innovative technology risk.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Brandon Hurlbut
Hurlbut: EV market would not exist without DOE loan to Tesla
“You know, we invested in Tesla, and that spurred the entire electrical vehicle market, and that wouldn't have happened without that government capital at a cheap rate.”
Hurlbut: $250B of $370B in clean tech investment goes to red states
“Axios this morning cited three hundred and seventy billion dollars to boost green energy and technology sectors. Two hundred and fifty billion dollars of that is going to red states.”
Hurlbut: US clean tech capacity will meet demand within a couple of years
“Some of these products are only made in China, and we want to build that capacity here, but there are demand for these products, and we don't have the capacity to meet that demand right now.
We will in a couple of years once we build all these facilities.”
Hurlbut: US will definitely miss 2030 climate goals under Trump
“You know, the executive power that Trump would have if he was president, we would definitely not be hitting those goals because he would affect the executive branch in a major way.”
Hurlbut: Projected global warming has dropped from 3.7°C to 2.7°C since 2015
“And since 2015, the projected amount of warming expected in the coming decades has dropped from 3.7 to 2.7 degrees Celsius.”
Hurlbut: 180 scientists warned Biden that LNG emissions rival coal
“The president received a letter from like a 180 scientists saying that When you look at those life cycle emissions, it's almost, or could be worse than coal, and you're locking this stuff in for, like, 40 years if you build these big export facilities.”