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Trump administration wants 10% stake in American lithium miner that sells to GM
Lithium Americas asked for a small change to the loan repayment period, which spurred the latest Trump administration request for equity.
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. De Chant is also a lecturer in MIT’s Graduate Program in Science Writing, and he was awarded a Knight Science Journalism Fellowship at MIT in 2018, during which time he studied climate technologies and explored new business models for journalism.
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