March 10, 2025 | DOGE Uncovers Another $3B Wasted on Climate Change

Sunnova Energy, a solar panel company based in Texas, has filed for bankruptcy. It is not shocking for a solar panel company to go under as the demand is simply not there. Upfront costs could range into tens of thousands and it takes years to see actual savings. The Biden Administration spent more than any past administration on climate initiatives, so it is of no surprise that Biden’s Department of Energy awarded numerous loans to solar companies. Sunnova Energy in particular profited $3 billion from a partial loan in September 2023.

The company reportedly generated a mere $2 million in Q4 of 2024 when it had forecast a surplus of $104 million. Sunnova is $8.3 billion debt, with a 308.5% debt-to-equity ratio. Why would the government hand out $3 billion to a failing corporation?

The Greenhouse Gas Reduction Fund was slipped into the Inflation Reduction Act as yet another climate change measure. The Solar for All program chose 60 different solar companies and shelled out over $7 billion in an attempt to promote green energy. This absolutely does not benefit the American economy in any way but these initiatives have always been about centralizing control over energy consumption. Now DOGE is uncovering how many BILLIONS have been wasted on this net zero agenda. Was there any vetting process for which companies received payments?

Governments are imposing carbon taxes, banning gas stoves, and increasing restrictions on oil production. We are seeing taxes on transportation and other basic measures that affect daily life. These policies are not about helping consumers but about centralizing control over energy consumption. By forcing dependency on electricity—which can be easily rationed—governments are tightening their grip on every aspect of daily life.

The rest of the Western world is still moving forward with Agenda 2030. Germany is perhaps the greatest warning of how an economy can crumble when you cut off your own energy flow and impose incessant regulations while expecting to remain competitive. As for Biden’s energy spending spree, the American people deserve transparency. There are over 36 trillion reasons why that money should have been directed elsewhere.

Martin Armstrong March 10th, 2025

Posted In: Armstrong Economics

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