GAO calls for changes in Energy Dept.'s loan guarantee program

07/14/2010 |

A report from the Government Accountability Office recommended that the Department of Energy improve its loan guarantee program for energy projects that lead to a reduction in greenhouse-gas emissions. The Renewable Fuels Association, which has raised objections to the agency's loan guarantee program, welcomed the GAO's assessment. "DOE has created a loan guarantee program that in theory is helpful, but in practice has proven difficult if not impossible for cellulosic ethanol companies to access," said Bob Dinneen, RFA's president and CEO. Read RFA's statement.

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