{"id":424572,"date":"2026-02-04T09:52:55","date_gmt":"2026-02-04T08:52:55","guid":{"rendered":"https:\/\/climatescience.press\/?p=424572"},"modified":"2026-02-04T09:52:58","modified_gmt":"2026-02-04T08:52:58","slug":"bidens-push-for-renewables-funding-trumps-push-to-drill-baby-drill","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=424572","title":{"rendered":"Biden\u2019s Push for Renewables Funding Trump\u2019s Push To \u2018Drill, Baby, Drill\u2019"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"723\" data-attachment-id=\"424576\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=424576\" 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srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQNbuRZTEwdysOh1QlZf7GchGHb2WROgxJldYt9tf0jqpAP2QFOnRQ1pcsDAvrBX0iJOFJBHun_Z2xe1M8raJb1X9eaCYdA05NiDeoc342-9Q8uyxP5qDn5v503R7AkmqfDy6ZiA-jdHqt1eq5YKY65H5j7Y.jpeg?resize=1024%2C1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQNbuRZTEwdysOh1QlZf7GchGHb2WROgxJldYt9tf0jqpAP2QFOnRQ1pcsDAvrBX0iJOFJBHun_Z2xe1M8raJb1X9eaCYdA05NiDeoc342-9Q8uyxP5qDn5v503R7AkmqfDy6ZiA-jdHqt1eq5YKY65H5j7Y.jpeg?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQNbuRZTEwdysOh1QlZf7GchGHb2WROgxJldYt9tf0jqpAP2QFOnRQ1pcsDAvrBX0iJOFJBHun_Z2xe1M8raJb1X9eaCYdA05NiDeoc342-9Q8uyxP5qDn5v503R7AkmqfDy6ZiA-jdHqt1eq5YKY65H5j7Y.jpeg?resize=150%2C150&amp;ssl=1 150w, 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https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQNbuRZTEwdysOh1QlZf7GchGHb2WROgxJldYt9tf0jqpAP2QFOnRQ1pcsDAvrBX0iJOFJBHun_Z2xe1M8raJb1X9eaCYdA05NiDeoc342-9Q8uyxP5qDn5v503R7AkmqfDy6ZiA-jdHqt1eq5YKY65H5j7Y.jpeg?resize=800%2C800&amp;ssl=1 800w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQNbuRZTEwdysOh1QlZf7GchGHb2WROgxJldYt9tf0jqpAP2QFOnRQ1pcsDAvrBX0iJOFJBHun_Z2xe1M8raJb1X9eaCYdA05NiDeoc342-9Q8uyxP5qDn5v503R7AkmqfDy6ZiA-jdHqt1eq5YKY65H5j7Y.jpeg?resize=600%2C600&amp;ssl=1 600w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQNbuRZTEwdysOh1QlZf7GchGHb2WROgxJldYt9tf0jqpAP2QFOnRQ1pcsDAvrBX0iJOFJBHun_Z2xe1M8raJb1X9eaCYdA05NiDeoc342-9Q8uyxP5qDn5v503R7AkmqfDy6ZiA-jdHqt1eq5YKY65H5j7Y.jpeg?resize=400%2C400&amp;ssl=1 400w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQNbuRZTEwdysOh1QlZf7GchGHb2WROgxJldYt9tf0jqpAP2QFOnRQ1pcsDAvrBX0iJOFJBHun_Z2xe1M8raJb1X9eaCYdA05NiDeoc342-9Q8uyxP5qDn5v503R7AkmqfDy6ZiA-jdHqt1eq5YKY65H5j7Y.jpeg?resize=200%2C200&amp;ssl=1 200w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQNbuRZTEwdysOh1QlZf7GchGHb2WROgxJldYt9tf0jqpAP2QFOnRQ1pcsDAvrBX0iJOFJBHun_Z2xe1M8raJb1X9eaCYdA05NiDeoc342-9Q8uyxP5qDn5v503R7AkmqfDy6ZiA-jdHqt1eq5YKY65H5j7Y.jpeg?resize=450%2C450&amp;ssl=1 450w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQNbuRZTEwdysOh1QlZf7GchGHb2WROgxJldYt9tf0jqpAP2QFOnRQ1pcsDAvrBX0iJOFJBHun_Z2xe1M8raJb1X9eaCYdA05NiDeoc342-9Q8uyxP5qDn5v503R7AkmqfDy6ZiA-jdHqt1eq5YKY65H5j7Y.jpeg?resize=60%2C60&amp;ssl=1 60w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQNbuRZTEwdysOh1QlZf7GchGHb2WROgxJldYt9tf0jqpAP2QFOnRQ1pcsDAvrBX0iJOFJBHun_Z2xe1M8raJb1X9eaCYdA05NiDeoc342-9Q8uyxP5qDn5v503R7AkmqfDy6ZiA-jdHqt1eq5YKY65H5j7Y.jpeg?resize=550%2C550&amp;ssl=1 550w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQNbuRZTEwdysOh1QlZf7GchGHb2WROgxJldYt9tf0jqpAP2QFOnRQ1pcsDAvrBX0iJOFJBHun_Z2xe1M8raJb1X9eaCYdA05NiDeoc342-9Q8uyxP5qDn5v503R7AkmqfDy6ZiA-jdHqt1eq5YKY65H5j7Y.jpeg?w=1280&amp;ssl=1 1280w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">From <a href=\"https:\/\/wattsupwiththat.com\/2026\/02\/02\/bidens-push-for-renewables-funding-trumps-push-to-drill-baby-drill\/\">Watts Up With That?<\/a><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">By&nbsp;<a href=\"https:\/\/wattsupwiththat.com\/authors\/james_varney\/\">James Varney<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"723\" data-attachment-id=\"424578\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=424578\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?fit=1280%2C1280&amp;ssl=1\" data-orig-size=\"1280,1280\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?fit=723%2C723&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?resize=723%2C723&#038;ssl=1\" alt=\"A man dressed in a dark suit sits at a wooden desk with his hands clasped, looking solemn. Behind him are portraits on the wall and an American flag is visible to the left.\" class=\"wp-image-424578\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?resize=1024%2C1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?resize=768%2C768&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?resize=640%2C640&amp;ssl=1 640w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?resize=1200%2C1200&amp;ssl=1 1200w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?resize=800%2C800&amp;ssl=1 800w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?resize=600%2C600&amp;ssl=1 600w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?resize=400%2C400&amp;ssl=1 400w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?resize=200%2C200&amp;ssl=1 200w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?resize=450%2C450&amp;ssl=1 450w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?resize=60%2C60&amp;ssl=1 60w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?resize=550%2C550&amp;ssl=1 550w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQM7Oyla0kuWK6ifzQT6V0hRx_r8kVkHFOMdSZ7vXlR4opTI0Dy6lssdaax5KkgiYJ31M2M9SNCnOnc__KjBKxwS_HJ1-_2vq4x1j7M_9vK2NcIuZHVAoBZVW3o_S3r74w3K3UGzM0aLb1UZkK2iNEmM-uy1LA.jpeg?w=1280&amp;ssl=1 1280w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Looking to reorient U.S. energy policy toward fossil fuels and nuclear plants, President Trump has access to an enormous sum of money made available by an unlikely source: the Biden administration and congressional Democrats.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Legislation passed on party-line votes, most notably the $1 trillion Inflation Reduction Act, allocated hundreds of billions to the Department of Energy and the Environmental Protection Agency to fund various green energy projects. While some of that money has since been zeroed out by Republicans, more than $280 billion remains \u2013 allocated but unspent.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The Trump administration is&nbsp;<a href=\"https:\/\/archive.is\/slcMA\">wiping clear billions<\/a>&nbsp;of dollars in loans made by the Biden administration and will streamline the federal grant process, while changing the name of the Loan Program Office to the<a href=\"https:\/\/www.energy.gov\/edf\/energy-dominance-financing-program\">&nbsp;Office of Energy Dominance Financing (<\/a>EDF). Energy officials assert the department will rely on \u201ccommon sense and data,\u201d thereby eliminating the numerous charges of conflicts of interest associated with energy loans during the Biden era, which were highlighted in a recent report from the department\u2019s inspector general.&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cThe Biden administration had an agenda to decarbonize without asking the\u00a0important\u00a0questions of reliability and affordability,\u201d said Greg Beard, the senior advisor to the EDF. \u201cI wouldn\u2019t describe our plan as an agenda; I would describe it as common sense. We\u2019re grateful that Congress saw that the Trump Administration can have an important impact while being good stewards of taxpayer dollars.\u201d<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>Billions \u2018Rushed Out the Door\u2019<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Energy Secretary Chris Wright has been an outspoken proponent of oil, natural gas, and nuclear power for years, and quickly took an aggressive stance toward department loans. Last year, he&nbsp;<a href=\"https:\/\/www.energy.gov\/articles\/secretary-wright-announces-termination-24-projects-generating-over-3-billion-taxpayer\">canceled $3.7 billion<\/a>&nbsp;in loans he said made no financial sense, and on Jan. 22, 2026, he announced&nbsp;<a href=\"https:\/\/www.energy.gov\/articles\/energy-department-reins-over-83-billion-biden-era-loans-and-conditional-commitments\">$83 billion<\/a>&nbsp;in Biden administration energy loans would be \u201crestructured, revised or eliminated\u201d and characterized the portfolio as part of the \u201cGreen New Scam.\u201d&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cWe found more dollars were rushed out the door of the Loan Programs Office in the final months of the Biden administration than had been disbursed in over 15 years,\u201d Wright said.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">That announcement came on the heels of Wright\u2019s&nbsp;<a href=\"https:\/\/money.usnews.com\/investing\/news\/articles\/2026-01-22\/us-energy-secretary-calls-for-doubling-global-oil-output-in-davos\">remarks&nbsp;<\/a>at the World Economic Forum earlier this month, when he urged Great Britain and other European countries to turn away from expensive and&nbsp;<a href=\"https:\/\/www.thetimes.com\/uk\/environment\/article\/us-energy-secretary-brands-pursuit-of-net-zero-a-delusion-bhhx2q6zc?msockid=20511fe0a5bf64190b6b09eaa4ca6554\">dicey NetZero projects<\/a>. That was the framework Biden and the Democrats sought to fund when passing bills via reconciliation without any Republican support, and Wright had urged Congress last year to keep the money available.&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Energy\u2019s new lending agency says it will support critical minerals and hydrocarbon projects, including, in some cases, coal, as well as restarting or upgrading the nation\u2019s existing nuclear energy sector \u2013 all things the Trump administration considers far more reliable sources of affordable energy than solar, wind, and other renewables. President Trump underscored this commitment last May when he issued an executive order on nuclear power. Since then, administration actions have included a&nbsp;<a href=\"https:\/\/www.energy.gov\/articles\/energy-department-closes-loan-restart-nuclear-power-plant-pennsylvania\">$1 billion loan<\/a>&nbsp;to restart a nuclear plant on the Susquehanna River in Pennsylvania, and a continuing&nbsp;<a href=\"https:\/\/www.energy.gov\/articles\/doe-approves-sixth-loan-disbursement-restart-palisades-nuclear-plant\">$1.52 billion loan<\/a>&nbsp;to the Palisades Nuclear Plant in Michigan.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The change in emphasis was welcomed by some experts who think the shift recognizes the supply and technological situation that exists in the energy sector today.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cReality has signaled to the world it needs to have a recalibration when it comes to energy matters. There\u2019s even some clarity restored to the IEA\u2019s world energy outlook,\u201d said Mark Mills, executive director of the&nbsp;<a href=\"https:\/\/energyanalytics.org\/\">National Center for Energy Analytics<\/a>. \u201cThe world isn\u2019t following the \u2018NetZero\u2019 blueprint, Europe is backpedaling, and one of the big stories going forward this year will be the who, when and where the Trump administration decides to put money.\u201d<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>Warping the Market<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Mills cautioned that the government\u2019s resources are so great that massive loans in one sector could warp the market by discouraging private capital, but the EDF\u2019s Beard told RealClearInvestigations his office is aware of that possibility, particularly with nuclear energy. In addition, any new nuclear project will take at least five years to deliver energy to the grid, and that is probably an optimistic timeline.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cEDF loans&nbsp;are all tied to specific companies and projects and are the subject of extensive due diligence to&nbsp;validate&nbsp;that projects meet EDF standards for project&nbsp;readiness and reasonable assurances that&nbsp;loan will be repaid,\u201d Beard said. \u201cThere is never a scenario where we do not know where the money is going.<strong>\u201d<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Those who believe global warming is an existential crisis have decried the Trump administration\u2019s focus on plentiful energy sources that emit carbon, a process that the Energy Department\u2019s new direction will continue. RCI reached out to prominent environmental groups such as the Sierra Club and the Environmental Defense Fund, but they did not respond. However, several environmentalists recently told&nbsp;<a href=\"https:\/\/archive.is\/onsyE\">the New York Times<\/a>&nbsp;the results would prove catastrophic.&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cEmissions will be higher,\u201d Dartmouth College associate professor Justin S. Mankin told the newspaper. \u201cTrump\u2019s greenhouse gas emissions will cause Trump\u2019s heat waves, Trump\u2019s droughts, Trump\u2019s floods, and Trump\u2019s wildfires.\u201d<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The Trump administration\u2019s approach is also being criticized by some free-market energy experts who say the federal government should not be in the loan business at all and would prefer the office be disbanded and the money spent elsewhere.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cWe were excited to see that the Department of Energy is canceling $30 billion in green loans, but would like to see them go much further,\u201d said Thomas Pyle, president of the<a href=\"https:\/\/www.instituteforenergyresearch.org\/\">&nbsp;Institute for Energy Research<\/a>. \u201cFor more than a decade, we have called for Congress and DOE to end the loan program altogether. Absent that, President Trump to send a recission to Congress and announce that the money is going to pay down the deficit. The taxpayer should not be on the hook for commercial projects, regardless of their merit.\u201d<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>Lingering Questions<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">As it reorients the federal government\u2019s energy loan portfolio, the administration has revamped the way those loans are made in response to questions raised about the Biden administration\u2019s practices. The Environmental Protection Agency \u2013 a regulatory agency that Biden, for the first time, made into a financial arm of his NetZero push \u2013 now appears to be out of the energy loan business, even as questions linger about that activity.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">That process, which the EPA\u2019s inspector general likened to the agency creating an \u201cenormously complex investment bank\u201d that would be difficult to monitor, involved roughly $27 billion doled out to nonprofits via its short-lived&nbsp;<a href=\"https:\/\/www.epa.gov\/newsreleases\/epa-awards-27b-greenhouse-gas-reduction-fund-grants-accelerate-clean-energy-solutions\">Greenhouse Gas Reduction Fund<\/a>&nbsp;and Solar For All programs.&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">As RCI&nbsp;<a href=\"https:\/\/www.realclearinvestigations.com\/articles\/2024\/10\/22\/overnight_success_bidens_climate_splurge_gives_billions_to_nonprofit_newbies_1066437.html\">previously reported,<\/a>&nbsp;familiar names in the Obama and Biden administrations were sprinkled throughout the nonprofits receiving the billions, which took another bizarre twist after Trump won the 2025 election. At that point, it was revealed&nbsp;<a href=\"https:\/\/www.realclearinvestigations.com\/articles\/2025\/03\/13\/a_new_beltway_mystery_follow_the_biden_epa_money_1097269.html\">the EPA had \u201cparked\u201d<\/a>&nbsp;roughly $20 billion at Citibank, an unorthodox arrangement that took the cash out of Treasury Department control in a process one former Energy Department employee compared in an undercover video to \u201c<a href=\"https:\/\/thenewamerican.com\/us\/throwing-gold-bars-off-the-titanic-epa-throwing-tax-dollars-to-climate-groups-in-wake-of-trumps-win\/\">throwing gold bars off the Titanic<\/a>.\u201d<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The Citibank money remains&nbsp;<a href=\"https:\/\/www.epa.gov\/aboutepa\/greenhouse-gas-reduction-fund#in-the-courts\">embroiled in litigation<\/a>. Nonprofits suing for the money they were promised prevailed at the federal district court level, but that ruling was reversed by the D.C. Circuit Court of Appeals last September in a decision that validated the agency\u2019s decision to end the programs.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Four months after that, however, the EPA did not respond to a question about why the money has not been returned. Both court papers and background on the unique process the Biden administration used to give out the money are part of a new EPA webpage that even features a section entitled,&nbsp;<a href=\"https:\/\/www.epa.gov\/aboutepa\/greenhouse-gas-reduction-fund#self-dealing-and-conflicts-of-interest\">\u201cSelf-dealing and Conflicts of Interest.\u201d<\/a><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Something similar appears to have been occurring at the Department of Energy. Around Christmastime, the department\u2019s inspector general\u2019s office released&nbsp;<a href=\"https:\/\/www.energy.gov\/sites\/default\/files\/2025-12\/DOE-OIG-26-06.pdf\">an audit report<\/a>&nbsp;that found potential conflicts of interest among 20% of officials it reviewed at the Loan Program Office, which, under Biden, was slated to handle some $380 billion.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The IG launched its audit of some activities by DOE\u2019s loan office in September 2024 in response to its meteoric rise under the Biden administration. In the past, the office had been a somewhat sleepy section of the agency that offered money \u201cto companies considered risky by traditional lenders and investors\u201d that focused on \u201cinnovative clean energy, advanced transportation, and tribal energy projects.\u201d&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Biden-era legislation turbocharged the Loan Program Office. According to the report, it had $385 billion in new loan authority, a&nbsp;<a href=\"https:\/\/www.politico.com\/news\/2024\/04\/09\/energy-department-loans-biden-00150180\">gigantic leap in its balance sheet<\/a>&nbsp;thanks primarily to the Inflation Reduction Act. To handle the crush, the office had requested an additional 105 full-time federal employees from FY2022 through FY2024. There were 219 people working in the loan office when the audit began.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The auditors spent one year looking at 40 employees and $31 billion in loans \u2013 and found potential issues with eight of those employees. The report does not identify either the employees or the loans in question.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">In general, the report revealed that loan department employees had failed to disclose prior management positions with firms seeking loans and, in some cases, had financial ties with loan office contractors. This included at least two \u201csenior-level employees.\u201d<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">These examples raised the potential for conflicts of interest and the \u201cappearance of loss of impartiality in performing official duties,\u201d an issue that arose in part because the office became increasingly sloppy in background work as its ranks swelled, according to the report.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>Nothing Untoward?<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Some of the report\u2019s conclusions would appear to warrant further investigation. For example, auditors said \u201cwe found the employee authorized the interagency package concurrence for multiple loans worth billions of dollars, where their former employer was the financial advisor or investor for those loans. The employee had significant financial interest with this company.\u201d Department officials told auditors there had been a \u201crecusal\u201d in that case, which in the end kept the employee from making any final decisions.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">In another case, the report found \u201ca supervisory loan specialist that had not been recused from matters involving their outside employer. Specifically, the employee was a company board member, and, as such, the financial interest of the company was imputed to the employee, creating a possible financial COI.\u201d<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The IG said these various errors occurred because the office did not follow standard ethics regulations and internal policies. Yet the precise details of what happened in the decision-making process, and whether the loans the IG examined were among those canceled by the Trump administration, remain unclear because neither the individuals nor the companies were named.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">RCI spoke with liberal government watchdog groups and current Department of Energy officials who insisted the report did not conclude anything specifically untoward had occurred. The IG listed three recommendations, which the department says it has already implemented. These include a staff lawyer dedicated to ensuring compliance with ethics regulations and resolutions of \u201cthe potential conflicts identified during the audit.\u201d<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">But the Trump administration seems more interested in spending the money secured by the Biden administration than it is in revisiting the previous administration\u2019s missteps.&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cWe have a clear vision with the right goals \u2013 to bring energy addition and not subtraction,\u201d Beard said. \u201cThe office has restructured around a foundational mission to lower electricity prices, empower the private sector toA invest in the future, help win the AI race, strengthen American industry, lower electricity prices, and restore American energy dominance.\u201d<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>This article was originally published by RealClearInvestigations and made available via RealClearWire.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"723\" data-attachment-id=\"424580\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=424580\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQNe5xoru5ELbcArNVvKGUTyy-xu762Va-OkcxFpq37F4OwQ8Amaq4lT6llBi22iYBn4Uxu487Z4LJGVc0F4dlXCnyhdTUNgTySV-b6gxF4S1fSS665fMOcV054_XDKqLqArT-siPQLYWENmOPkp6WgSHcXvg.jpeg?fit=1280%2C1280&amp;ssl=1\" data-orig-size=\"1280,1280\" data-comments-opened=\"1\" 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energy policy toward fossil fuels and nuclear plants, President Trump has access to an enormous sum of money made available by an unlikely source: the Biden administration and congressional Democrats.<\/p>\n<p>Legislation passed on party-line votes, most notably the $1 trillion Inflation Reduction Act, allocated hundreds of billions to the Department of Energy and the Environmental Protection Agency to fund various green energy projects. While some of that money has since been zeroed out by Republicans, more than $280 billion remains \u2013 allocated but unspent.<\/p>\n","protected":false},"author":121246920,"featured_media":424578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"Explore how the Trump administration is reshaping U.S. energy policy, focusing on fossil fuels and nuclear power amidst opposition to green initiatives.","jetpack_seo_html_title":"Trump's Energy Dominance: Shifting Away from Green 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University Prof: Biden\u2019s $433 Billion Incentives for Clean Energy aren\u2019t Enough","author":"uwe.roland.gross","date":"22\/08\/2022","format":false,"excerpt":"Does anyone even pretend anymore that Biden\u2019s \u201cInflation Reduction Act\u201d has anything to do with inflation?","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/08\/image-938.png?fit=1200%2C627&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/08\/image-938.png?fit=1200%2C627&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/08\/image-938.png?fit=1200%2C627&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/08\/image-938.png?fit=1200%2C627&ssl=1&resize=700%2C400 2x, 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