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12:22 PM PDT · September 24, 2025
The Trump administration might be fond of calling the energy transition the “green new scam,” but that isn’t stopping it from seeking a significant stake in what promises to be the largest lithium mine in the Western Hemisphere.
In exchange for renegotiating the repayment period of a $2.26 billion Department of Energy loan, the Trump administration is asking for as much as 10% equity in Lithium Americas, a company in which GM is a major investor.
Reuters first reported the news Tuesday. “President Trump supports this project. He wants it to succeed and also be fair to taxpayers,” a White House official told the news organization. “But there’s no such thing as free money.”
