US cutting or revising nearly $84 billion in energy loans
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The Trump administration is restructuring or eliminating nearly $84 billion in clean energy loans initiated during Biden's presidency, favoring fossil fuels and nuclear energy. This includes canceling about $30 billion in loan obligations, with significant cuts to wind and solar projects. The Office of Energy Dominance Financing is revising an additional $53.6 billion in loans, focusing on boosting nuclear power and supporting coal, oil, gas, and critical minerals projects.
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Source: Reuters The copyright of this article belongs to the original author/organization.
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