Energy Department Announces Cancellation of $30 Billion in Biden-Era Loans

The department said that after a review, it would also revise another $53 billion in loans.
Energy Department Announces Cancellation of $30 Billion in Biden-Era Loans
Energy Secretary Chris Wright speaks during an event with President Donald Trump in the Oval Office at the White House on Oct. 6, 2025. Anna Moneymaker/Getty Images
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:
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The Trump administration on Jan. 22 said it’s in the process of canceling nearly $30 billion in green energy loans and revising another $53 billion in loans that were provided under the previous presidential administration.

The Department of Energy said changes are needed after it reviewed $104 billion in loans that were issued under the Biden administration.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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