Biden's Climate Deals Counter Trump's Energy Rollbacks
TL;DR Summary
President Joe Biden's administration is racing to finalize $25 billion in clean energy loans before President-elect Donald Trump takes office, potentially reversing Biden's climate initiatives. The Department of Energy's Loan Programs Office is crucial in this effort, with pending loans for projects like EV battery production and green hydrogen plants. Trump's previous administration was less supportive of such loans, and his incoming team, including fracking executive Chris Wright, may cut funding. The Biden administration aims to secure these deals to cement its climate legacy and counteract potential rollbacks.
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