Biden’s Energy Department signed off on nearly $42 billion for green energy projects in its last two working days

The Biden administration's Energy Department signed off on nearly $42 billion for green energy projects in its last two working days.

The money and the hasty way in which it was earmarked have drawn the attention of the Trump administration.

Energy Secretary Chris Wright says 'doE is undertaking a thorough review of financial assistance that identifies waste of taxpayer dollars'.

$93 billion under review represents a separate “green bank” from smaller Biden administration deals that the Energy Department has already canceled.

Jigar Shah , who helped select roughly 400 companies to receive grants and loans, is now advising energy companies on moving overseas.

In 2023 , the Biden administration made subtle changes to the LPO ’s regulations, cutting strings and stipulations that traditionally attach to loans.

The office has a valuable role to play in fulfilling energy policy goals, which include nuclear projects, strengthening the nation’s power grid, and limiting the U.S. reliance on Chinese supply chains for key minerals and elements.

Projects there have been marred by unprofitable plants and massive cost overruns and delays in construction, making federal loans to the section inherently risky.