DOE confirmed it has canceled or scrapped nearly $30B in green loans. (NYT)
The checkbook is now open for different favorites—nuclear and critical minerals. The agency preserved billions for reactor restarts and restructured a deal with Lithium Americas to give the government an equity stake in the mine.
Survival often depends on who you know. While a Biden-era $4.9B loan guarantee for the Grain Belt Express transmission line was killed after opposition from Sen. Josh Hawley, a Montana biofuel project was saved from the chopping block after Sen. Steve Daines intervened.