US Is Canceling Almost $30 Billion in Biden-Era Energy Loans (1)

The Trump administration said it’s canceling almost $30 billion of financing from the Energy Department’s green bank after reviewing transactions approved under former President Joe Biden.

The Energy Department said Thursday that its Loan Programs Office — now called the Office of Energy Dominance Financing — also plans to revise another $53 billion of funding.

In a statement, the department said it has eliminated about $9.5 billion in financing for wind and solar projects as part of the adjustment and plans to redirect the funding toward natural gas and nuclear projects.

The Energy Department, which didn’t immediately respond to ...