President Joe Biden’s administration is working to finalize $25 billion in clean energy loans, cementing a key climate initiative before President-elect Donald Trump takes office with plans to slash such programs, Politico reported.

The Department of Energy’s Loan Programs Office, a crucial arm for advancing green energy technologies, has become a focal point of the administration’s push. Pending loans include $9.2 billion for electric vehicle battery production in Kentucky and Tennessee, $1.5 billion for sustainable aviation fuel in South Dakota, and $1 billion for EV charging infrastructure nationwide.

With 16 pending loans, Biden faces opposition from Trump’s incoming DOE leadership.

Read more at Newsmax© 2024 Newsmax. All rights reserved.