‘CANCELED’: President Trump Issues Massive Blow to Radical Left
The Trump administration has canceled nearly $30 billion in Biden-era clean energy loans and is reviewing another $53 billion as part of a sweeping audit of the Department of Energy’s loan portfolio, Energy Secretary Chris Wright announced Friday.
The decision marks one of the most significant rollbacks yet of President Biden’s green energy agenda and underscores the Trump administration’s effort to redirect federal funding toward what it calls “affordable, reliable, and secure American energy.”
“Over the past year, the Energy Department individually reviewed our entire loan portfolio to ensure the responsible investment of taxpayer dollars,” Wright said in a statement. “We found more dollars were rushed out the door of the Loan Programs Office in the final months of the Biden administration than had been disbursed in over fifteen years.”
The Energy Department’s Office of Energy Dominance Financing (EDF) — a restructured version of Biden’s Loan Programs Office — said the funds were part of the “Green New Scam loans” that were hastily approved without sufficient oversight.
According to the department, roughly $9.5 billion in loans for wind and solar projects were eliminated outright and will be replaced by investments in natural gas expansion, small modular nuclear reactors, and upgrades to aging power plants. Wright said those changes will make energy “more affordable and less dependent on foreign supply chains.”
“President Trump promised to protect taxpayer dollars and expand America’s supply of affordable, reliable, and secure energy,” Wright said. “Today’s cancellations deliver on that commitment.”
The review follows months of internal restructuring within the Department of Energy.
Since returning to office, the Trump administration has undertaken a broad effort to unwind what officials describe as politically motivated “green slush funds” created under the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA).
More than $25 billion in BIL energy appropriations and $4.3 billion in IRA funds have remained unspent since Biden left office, while another $11 billion in IRA funding was rescinded under the One Big Beautiful Bill Act (OBBBA) — legislation signed by Trump to reclaim unused climate subsidies and redirect them toward domestic fossil fuel and nuclear development.
A senior Energy Department official said the administration’s review found “systemic failures” in how the Biden White House approved grants and loans in its final year.
“Many of these programs were riddled with conflicts of interest and lacked due diligence,” the official said. “We had companies receiving billions in federal financing that were weeks away from insolvency.”
The scale of the cancellations is unprecedented. Since May 2025, DOE has rescinded or suspended over 340 clean energy awards valued at more than $11 billion, including major industrial demonstration grants and several of Biden’s high-profile Hydrogen Hub projects in California, Oregon, and Minnesota.
In total, nearly 17 percent of all BIL-awarded funds and 7 percent of IRA awards have now been canceled under the Trump administration’s review.
The Energy Department also confirmed that the Industrial Demonstration Program, a Biden-era initiative to subsidize green manufacturing, saw 18 of its 36 approved awards canceled outright — amounting to nearly $3 billion in rescinded commitments.
Wright argued that those programs failed to produce measurable results. “We cannot keep throwing taxpayer money at corporate handouts that don’t deliver energy security or economic value,” he said.
Still, Wright and his team insist the shift reflects a broader realignment of national priorities.
Under President Trump, the Energy Department’s new Energy Dominance Financing (EDF) office holds $289 billion in loan authority, which will prioritize projects tied to nuclear power, carbon capture, and modernized natural gas infrastructure.
In October, the department canceled another $8 billion in green grants, halting 223 projects across 16 states after what Wright called “a thorough, individualized review.” Those funds are now being redirected toward rural energy development, critical mineral extraction, and coal plant modernization efforts.
“Rest assured, the Energy Department will continue reviewing awards to ensure every dollar works for the American people,” Wright said. “The era of blank checks for politically connected green ventures is over.”
Trump Warns Iran of ‘Total Obliteration’ if They Try To Harm Him HH
President Donald Trump warned Iran that continued assassination threats made by leaders in Tehran would be met with the country getting “blown up” and “total obliteration.”
“Well, they shouldn’t be doing it but I’ve left notification,” Trump said. “Anything ever happens, we’re going to blow the whole — the whole country’s going to get blown up.”
Advertisement
Biden-era Intelligence officials briefed Trump about the alleged threats against him during his presidential campaign in 2024. Former Attorney General Merrick Garland said the plot was retaliation for the killing of Iranian Gen. Qassem Soleimani by the U.S. in 2020, during Trump’s first administration.
Despite being briefed by his administration, Trump on Tuesday said President Biden “should have said something” on the matter, adding that presidents should defend each other on such matters.
“But I have very firm instructions,” Trump continued. “Anything happens, they’re going to wipe them off the face of this earth.”
Advertisement
Trump also spoke about the ongoing negotiations between the United States and Iran in Geneva.
“What are you expecting from these Iran talks in Geneva?” a reporter asked Trump aboard Air Force One.
Advertisement
“So, I’ll be involved in those talks indirectly, and they’ll be very important. We’ll see what can happen. Typically, Iran’s a very tough negotiator; they’re good negotiators — or bad negotiators. I would say they’re bad negotiators because we could have had a deal instead of sending the B2s to knock out their nuclear potential. We had to send the B2s. I hope they’re going to be more reasonable. They want to make a deal,” Trump said.
“Have you been told that a deal is next to impossible?” the reporter followed up.
Trump replied, “No. I think they want to make a deal. I don’t think they want the consequences of not making a deal. They want to make a deal.”
WATCH:
Trump previously said that he instructed officials to destroy Iran if they killed him.
The president said this after signing an executive order right after taking office that gave him all the tools he needed to talk to Iran’s government and put as much pressure on Tehran as possible.
“They haven’t done that and that would be a terrible thing for them to do,” Trump said at the time. “Not because of me — if they did that, they would be obliterated. That would be the end. I’ve left instructions, if they do it, they get obliterated, there won’t be anything left. And, they shouldn’t be able to do it.”
Trump warned last week that the United States could send additional warships toward Iran if ongoing diplomatic negotiations fail to produce a deal, signaling that military pressure could increase as talks over Tehran’s nuclear program stall.
In remarks to Axios, Trump said the administration is considering deploying a second aircraft carrier strike group to the region in addition to the USS Abraham Lincoln and 9 additional warships already positioned near Iran, though he expressed hope that a diplomatic agreement can still be reached.
“Either we will make a deal or we will have to do something very tough like last time,” the president told Axios on Tuesday, a reference to the bombing of three Iranian nuclear sites in June.
“Last time they didn’t believe I would do it. They overplayed their hand,” Trump added. “We have an armada that is heading there and another one might be going.”
The president emphasized that the United States is seeking to persuade Iran to curb its nuclear ambitions, halt the development of its ballistic missile program, and end support for militant proxy groups. Iranian officials have so far resisted expanding negotiations beyond nuclear-related issues.
He described the nuclear issue as a “matter of course” part of any negotiation, but also insisted that an agreement with Iran must also address Tehran’s ballistic missile stockpiles, per Axios.
Trump said the US “can make a great deal with Iran,” and Tehran “very much wants to make a deal.”
Trump’s comments came ahead of a planned visit to Washington, D.C. by Benjamin Netanyahu, who is expected to press for a tougher U.S. stance and broader terms for any Iran deal that would include constraints on Tehran’s missile capabilities and regional activities.
Before heading to DC, the Israeli leader previewed some of what he and Trump were going to discuss.
“I will present to the president our understanding of the principles of the negotiations (with Iran) – the essential principles that are important not only to Israel – but to everyone who wants peace and security in the Middle East,” Netanyahu told reporters, per the New York Post.
The administration has already bolstered its military presence in the Middle East, with multiple warships and aircraft deployed as a means of deterrence and leverage.
This article may contain commentary which reflects the author's opinion.
