The Trump administration on Jan. 22 said it’s in the process of canceling nearly $30 billion in green energy loans and revising another $53 billion in loans that were provided under the previous presidential administration.
The Department of Energy said changes are needed after it reviewed $104 billion in loans that were issued under the Biden administration.
“Over the past year, the Energy Department individually reviewed our entire loan portfolio to ensure the responsible investment of taxpayer dollars,” Energy Secretary Chris Wright said in a statement.
His office “found more dollars were rushed out the door of the Loan Programs Office in the final months of the Biden Administration than had been disbursed in over fifteen years,” according to the statement….
Energy Department Announces Cancellation of $30 Billion in Biden-Era Loans
