[FoxBusiness] Energy Secretary Chris Wright says more money was 'rushed out the door' in Biden's final months than in 15 years
The Trump administration is canceling nearly $30 billion in green loans enacted under the Biden administration and is revising another $53 billion.
Another spending reduction. Very good.
The Energy Department's Office of Energy Dominance Financing (EDF) said the funds are part of the "Green New Scam loans" from the previous administration.
"Over the past year, the Energy Department individually reviewed our entire loan portfolio to ensure the responsible investment of taxpayer dollars," said Energy Secretary Chris Wright said.
"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," he added. "President Trump promised to protect taxpayer dollars and expand America’s supply of affordable, reliable, and secure energy."
In a statement, the department said it has eliminated about $9.5 billion in financing for wind and solar projects and was replacing them with investments in natural gas and nuclear updates to make energy more affordable.
The Trump administration has repealed funding for green projects under the Biden era.
In October, it canceled nearly $8 billion in grants that supported hundreds of clean energy projects in 16 states.
At the time, the Energy Department halted 223 projects after a "thorough, individualized review."
"President Trump promised to protect taxpayer dollars and expand America's supply of affordable, reliable, and secure energy. Today's [cancellations] deliver on that commitment," Wright said in a statement at the time "Rest assured, the Energy Department will continue reviewing awards to ensure that every dollar works for the American people."
The EDF currently has more than $289 billion in loan authority to finance projects such as nuclear reactors and other Trump administration priorities.
#1
You know damn well that a lot of that money was kicked back in the form of campaign contributions for Kamala Harris. Biden was probably planning on getting it for his campaign but we all know what happened to that. Gotta wonder how much of it went to pay for Kamala's new beach house in Malibu.
Posted by: Abu Uluque ||
01/26/2026 11:59 Comments ||
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[THE LAST REFUGE] Last week CPB commander Greg Bovino was asked what makes Minneapolis different from other cities where ICE enforcement operations have taken place. Bovino noted in the Minneapolis region there is no separation between the extremists on the ground and the people in local government. Today, Vice President JD Vance concurs and expands on that sentiment:
What Vice-President Vance says here is very important. The regional government is a stakeholder in maintaining the chaos on the streets. Why? Because for two decades a cancer of rampant financial fraud has been permitted to spread throughout the Minneapolis region and has now reached the stage of visible metastasis.
Shortly after the George Floyd incident, some of us started looking into a background issue where it seemed like local police and Floyd had a knowledgeable relationship with each other prior to the encounter on the street. The initial contact between Floyd and police was about Floyd passing off a counterfeit $20 bill to a business that was not part of the approved money laundering operation.
When you follow that trail, you end up in a really weird place where it seemed like millions of counterfeit dollars were entering the country through Mexico, going by rail into the U.S. mainland and then transitioning through the Minneapolis region. I stopped researching it {SEE HERE} when I discovered that Floyd and police officer Chauvin were friends, and worked together at one of the laundry businesses; a nightclub.
The corrupt activity in the Minneapolis area has been going on for around two decades. There are two basic components, local financial fraud and govt financial fraud. The local fraud represented millions and involved counterfeit goods/money and laundering operations. The government assisted financial fraud represents billions and involves abuses of federal tax monies.
After 20 years of this activity almost all elements of the economic and social structure are now compromised. As we have seen in the last several weeks, the HHS/CMS fraud is extensive and that illegal activity is impossible to exist without the knowledge, aid and assistance of the regional and municipal government officials.
Fraudulent day cares, fraudulent healthcare services, fraudulent transport companies, fraudulent “Health Outreach Workers” and various governmental offices all involved in bilking taxpayers for billions upon billions. At the same time there is a massive money laundering operation in the underground economy.
After two decades of this unchecked corruption, there’s no way to guess how much of the regional economic activity is actually dependent on the financial fraud. My best estimate is that over fifty percent of all economic activity -in the entire region- is based on fraud.
The Immigration and Customs Enforcement actions are the surface level issue for the regional and state government. However, it is the widespread financial fraud that turns the activity of the leftist agitators on the street into a useful tool for the regional officials to manipulate in order to hide the true financial fraud that surrounds the area.
The “local authorities” are working with the “far left agitators” because the Minneapolis region is a network of codependent fraud.
The police are compromised. The judges and courts are compromised. The local municipal officials are compromised. The mayor’s office is compromised, and the corruption issue spreads out to the state level when Governor Tim Walz previously shut down audits of the financial crimes and then state officials ignored whistleblowers.
All of the private and public institutions -within the system of regional and state government- are connected to a statewide network of financial fraud, from counterfeit money laundering to exploitation of federal government benefits; it is all connected to the same network of fraud.
#2
I thought Peggy Flanagan was orchestrating all the unrest through an online so and got caught.
Posted by: Super Hose ||
01/26/2026 5:36 Comments ||
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#3
OPEN QUESTION TO THE US-DOJ.
When will those documented in their own words, inciting subversion and rebellion in Minnesota and Metro Governments be arrested.
Their actions and own words are a clear violation of 18 U.S.C. 115 / § 2384 (Seditious Conspiracy), § 2385 (Advocating Overthrow of Government) and 18 U.S.C. 111 (Assaults on Federal Officers).
Note:
Subversion/Sedition/Rebellion/Treason - Up to $250K in fines, with imprisonment for up to 20 years and can be BANNED from holding Public Office.
Physical Assault - Without a weapon is a felony punishable by up to 8 years in prison and fines up to $250K.
Or are we still waiting for the Epstein File and arrests 1st?
#4
1. DOJ is building absolutely airtight cases against those involved in MN fraud and rioting.
2. This administration is no different than prior administration and this is all a show.
3. DOJ remains infested with far left employees and finding people to work the cases is difficult.
I have to believe in 1, because if it is 2 or 3, nothing will change.
#8
^^^^^
Bingo! Never forget that the demokrats learned years ago the "deferred compensation" game. Look downstream 18-24 months and see who gets what carefully laundered payout... book deal, contracting job, new hire, foreign travel.
#9
Rex, the problem is more with finding prosecutors who will actually try to win the cases - they are all careerists and fully expect the Trump efforts to end soon and don't want to get tarred by association.
#10
Walz was visibly dumber than Kamala. That’s why he was picked. Her ego wouldn’t be bruised with that doofus making her seem intelligent by comparison.
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