 Energy & Environment |
Energy & Environment |
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DOE cancels $30B in green loans |
The Trump administration is canceling $30 billion in green loans and revising another $53 billion. |
The administration on Thursday night said the changes or eliminations from the $83 billion in total funding come after its review of $104 billion in loan obligations issued by the Biden administration. While some cancellations have been already announced — such as the nearly $5 billion loan that would have helped finance a power line that would have gotten more wind and solar on the grid — it's not clear what exactly the rest of the cancellations or revisions are. The Energy Department did not immediately respond to The Hill's request for more information, though its website did state that it has eliminated $9.5 billion in wind and solar projects and replaced them with natural gas and nuclear energy where possible. The department also said it has the ability to offer up more than $289 billion in loans and that it plans to prioritize nuclear, coal, oil, gas, minerals, geothermal energy, electric grid upgrades, manufacturing and transportation. Read more at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, I'm Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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| How policy will affect the energy and environment sectors now and in the future: |
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The state of Michigan is suing major oil companies and an industry association, alleging that they colluded to hamper the adoption of renewable energy and electric vehicles (EVs). |
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The city of Philadelphia on Thursday sued the Department of the Interior after National Park Service staff removed an exhibit on slavery from the President's House site in Independence National Historical Park. |
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Homeland Security Secretary Kristi Noem announced on Friday that the Federal Emergency Management Agency (FEMA) has deployed teams to three states with a dozen others on standby, as an incoming winter storm threatens much of the country. |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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Upcoming news themes and events we're watching: |
- Wednesday, the Senate Environment and Public Works Committee will hold a hearing on federal environmental reviews and permitting.
- Wednesday, the Senate Homeland Security and Governmental Affairs Committee will hold a hearing on last year's Palisades Fire
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Two key stories on The Hill right now: |
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The House on Thursday approved its final slate of 2026 funding bills, overcoming Democratic demands and GOP divisions and marking a significant milestone for Speaker Mike Johnson (R-La.) as he's sought to rebuild Congress's "muscle memory" on government funding. Read more |
| A federal judge ruled Thursday that university association members may seek relief from the court if their immigration status is changed as retribution for challenging an alleged Trump administration policy to single out campus activists critical of Israel's war in Gaza for immigration enforcement. Read more |
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You're all caught up. See you next week! |
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