Chris Wright Poised To Slash Biden’s Last-Minute Green Energy Loan Blitz
DOE chief is targeting risky, taxpayer-backed loans that don’t directly help Americans.
by Thomas Catenacci May 12, 2025, 8:02 AM in Energy, Money & Finance, News, Politics
Energy Secretary Chris Wright hinted that he would soon take action to cancel billions of dollars’ worth of Biden-era green energy loans that he said do not promote American energy security and are too risky for taxpayers. [emphasis, links added]
In an exclusive interview with the Washington Free Beacon, Wright took aim at how the Department of Energy’s (DOE’s) Loan Programs Office dished out billions of dollars in loans during the final months of the Biden administration.
While Wright stopped short of naming particular projects he may cancel loans for, he said the Trump administration would only look to support projects that directly benefit Americans and are not entirely dependent on taxpayer money.
When asked how he will approach pending loans, Wright emphasized that the DOE’s core mission is “affordable, reliable, secure energy.”
https://climatechangedispatch.com/chris-wright-poised-to-slash-bidens-last-minute-green-energy-loan-blitz/
