The Trump administration is canceling nearly $30 billion worth of loans for clean energy projects finalized under former President Joe Biden and will revise an additional $53 billion to support President Donald Trump’s energy dominance agenda.
The Department of Energy’s Loan Programs Office, which has been rebranded as the Office of Energy Dominance Financing, announced on Thursday that it is pulling back tens of billions of dollars‘ worth of loans finalized toward the end of the Biden administration.
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