Investing.com -- The U.S. Energy Department’s loan office should provide funding for oil and gas infrastructure, according to a White House aide.

Jarrod Agen, deputy assistant to the president and executive director of National Energy Dominance Council, made the statement Tuesday at a Politico conference on energy.

"One of the big problems is, in the past the ... loan program office has been used for a lot of these renewable projects," Agen said.

The Loan Program Office (LPO) expanded significantly under former President Joe Biden’s administration due to legislation passed during his term. The office currently has hundreds of billions of dollars available in loan and loan guarantee capacity.

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