Energy Chief Says US Won’t Move Forward With Billions in Loans

Energy Secretary Chris Wright said his agency doesn’t plan to move forward with billions of dollars worth of Biden-era loans as the Trump administration reviews the department’s $400 billion-strong green bank.

Wright, speaking during a Bloomberg Television interview Friday, criticized former President Joe Biden’s administration for issuing billions of dollars in loans and grants between the time President Donald Trump was elected and inauguration day.

“We’ve got a lot of reasons to be worried and suspicious about that,” Wright said in response to a question about the department’s loan program. “Some of these loans will go forward, some of ...