Trump is canceling $30B in Biden-era green loans [View all]
Source: The Hill
01/23/26 11:27 AM ET
The Trump administration is canceling $30 billion in green loans and revising another $53 billion, it said Thursday night. The administration said the changes or eliminations from the $83 billion in total funding come after its review of $104 billion in loan obligations issued by the Biden administration.
While some cancellations have been already announced — such as the nearly $5 billion loan that would have helped finance a power line that would have gotten more wind and solar on the grid — it’s not clear what exactly the rest of the cancellations or revisions are.
The Energy Department did not immediately respond to The Hill’s request for more information, though its website did state that it has eliminated $9.5 billion in wind and solar projects and replaced them with natural gas and nuclear energy where possible.
The department also said it has the ability to offer up more than $289 billion in loans and that it plans to prioritize nuclear, coal, oil, gas, minerals, geothermal energy, electric grid upgrades, manufacturing and transportation.
Read more: https://thehill.com/policy/energy-environment/5703228-trump-wright-biden-green-loans/
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