Trump AXES $30 Billion of Biden Loans

Torn and crumpled hundred dollar bills on a white surface — BIDEN LOANS SCRAPPED

The Trump administration’s recent cancellation of $30 billion in Biden-era loans marks a significant shift in energy policy, aiming to curb what conservatives see as reckless spending on green projects.

Story Highlights

The Trump administration has canceled $30 billion in loans initially allocated by the Biden administration to green energy projects.
The move is part of a broader strategy to redirect funds toward nuclear, natural gas, and fossil fuel projects.
Energy Secretary Chris Wright emphasizes the need for reliable energy over intermittent renewables.
This decision aligns with conservative values of fiscal responsibility and energy independence.

Trump’s Energy Policy Reformation

In a decisive move, the Trump administration, through the Department of Energy’s Office of Energy Dominance Financing (EDF), has announced the cancellation of nearly $30 billion in loans from the Biden era.

These cuts primarily affect green energy projects such as wind and solar, which President Trump and his team have criticized for their unreliability and high costs. The administration aims to refocus resources on more dependable energy sources, such as nuclear and natural gas.

This policy shift is part of a broader strategy to ensure energy affordability and security for the American people. The EDF, formerly known as the Loan Programs Office, is tasked with overseeing this redirection of funds.

Energy Secretary Chris Wright has been vocal about the administration’s commitment to protecting taxpayer dollars and ensuring that energy investments yield tangible, reliable results.

President Trump is canceling $30B in Biden-era green loans https://t.co/Y9skbTTYZa

— The Hill (@thehill) January 23, 2026

Fiscal Responsibility and Energy Independence

The Trump administration’s decision reflects a commitment to fiscal responsibility by scrutinizing and reversing what it views as rushed and imprudent expenditures made during the Biden administration’s final months.

Between November 2024 and January 2025, the Biden administration committed over $85 billion in loans to various projects, a sum that the Trump administration considers disproportionate and unsustainable.

By canceling these loans, the administration seeks to redirect focus toward sectors that will bolster the United States’ energy independence. This includes a significant investment in nuclear power, natural gas, and fossil fuels, sectors perceived as offering more consistent and reliable energy output than their renewable counterparts.

Impact on Green Energy Projects

The cancellation of these loans has significant implications for green energy developers. Companies like Sunnova Energy and numerous wind transmission developers are directly affected, with billions in potential funding cut.

While this decision may disrupt projects across 16 states, it is hailed by many conservatives as a necessary measure to prevent further taxpayer money from being spent on what they consider unproven and unreliable energy solutions.

Trump admin cancels $30B in Biden-era loans https://t.co/4LXUhI9Trz #FoxBusiness Energy Secretary Chris Wright says more money was 'rushed out the door' in Biden's final months than in 15 years

— Richard Schlung (@RichardSchlung) January 25, 2026

Moreover, proponents argue that this move will ultimately lead to cheaper energy costs and improved grid reliability. Critics, however, warn that it may set back efforts to transition to cleaner energy sources.

Nevertheless, the EDF and the Trump administration remain resolute in their pursuit of a balanced energy policy that prioritizes the country’s economic stability and energy security.