The Winners of Biden's 'Clean Energy Economy' Emerge: Liberal Billionaires

President Joe Biden's taxpayer-funded push to build a "clean energy economy" is benefiting the left's most prominent billionaire megadonors, including Bill Gates and Laurene Powell Jobs, a Washington Free Beacon analysis found. Biden's Energy Department has in the last two months announced nearly $3 billion in loans to two electric battery companies, Redwood Materials and Ioneer, which are backed by seed funding from Gates, Jobs, and other left-wing billionaires. Now those billionaires, who have poured millions into the effort to win Democrats power in Washington, are likely set to see a handsome profit from their initial investment. Ioneer, for example, won a $700 million loan from Biden and saw its stock price increase by 33 percent after the announcement.