Trump is canceling $30B in Biden-era green loans

[BumRushDaShow]

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/

[Initech]

2. And how is this putting America First, exactly?

[paleotn]

5. Seriously. Then again, it was never about America. Never, ever.

[Initech]

13. Nope, it's about making the worst people in the world even richer.

[PatSeg]

12. It is more about putting ONE American first

and of course, his billionaire buddies.

[in2herbs]

3. Is he cancelling it because he's spent the money elsewhere???? nt

[Rebl2]

4. Probably on

His new peace committee or whatever it is called 🙄

[mysteryowl]

6. Does DU have a middle finger emoji?

This will do...

[BumRushDaShow]

11. I used to have one years ago

and some use the mobile emojis... but I have used this (stole that from someone on DU) -

[SunSeeker]

7. Evil fuck. If these loans were already committed, I can't see how this is legal. nt

[Doodley]

8. Based on pseudo-science that is part of the Trump fascist agenda that climate change is a liberal hoax, so drill baby

drill so the Trump family and the oligarchs make more billions. They would destroy the world if it meant making more money.

[amcgrath]

9. cancelling green energy programs

as the "winterstorm of the century" descends. The last "winterstorm of the century" - which happened in 2021 - killed 246 people in Texas. This weekend's storm - the biggest ever expected, is forecast to stretch across 33 states.

[VMA131Marine]

10. Trump is going to "loan" this money out

to his rich cronies who will, of course, never pay it back.