Trump Mulls Canceling Loans From $400 Billion Green Bank
- Administration considering retooling energy loan program
- Loan program could be revamped to focus on different sectors
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The Trump administration is exploring legal options to cancel loans issued under a $400 billion program to finance clean-energy technology as it considers overhauling the initiative, according to a person familiar with the matter.
The newly installed director of the Energy Department’s loan program, John Sneed, told agency officials in a meeting last week the effort will be retooled to focus on technologies favored by the new administration such as nuclear power and liquefied natural gas, according to the person who wasn’t authorized to discuss the matter publicly.