US EditionTrump Administration Canceled a $4.9B Loan Guarantee for a Line to Deliver Green Power
MIDWEST UNITED STATES, JUL 23 – The Department of Energy cited financial concerns and political opposition in Missouri for canceling the $4.9 billion loan, jeopardizing a project that promised 4,000 jobs and $52 billion in savings.
- The Trump administration has canceled a $4.9 billion loan guarantee for the Grain Belt Express project, stating the conditions for issuing the guarantee are unlikely to be met.
- Senator Josh Hawley called the Grain Belt Express a 'boondoggle' and praised the decision to cancel the loan.
- The Department of Energy expressed that federal assistance is not critical for the project, reflecting a shift in focus towards traditional energy sources under the Trump administration.
- Critics warn that this decision undermines clean energy initiatives essential for the country's energy resilience.
72 Articles
72 Articles
Major midwest transmission line Grain Belt Express loses $4.9 billion loan
The U.S. Department of Energy withdrew a $4.9 billion conditional loan for the Grain Belt Express transmission line through Kansas and Missouri. The transmission line, intended to improve electric grid reliability, faced opposition from high-profile Republican officials and local landowners along its proposed path. U.S. Sen. Josh Hawley, R-Mo., celebrated the move, calling the loan a “boondoggle” in a social media post. In a letter sent to the …
Trump Admin Cancels $4.9B Loan Guarantee For Green Power Project
The Trump administration on Wednesday cancelled a $4.9 billion federal loan guarantee for a new high-voltage transmission line for delivering solar and wind-generated electricity from the Midwest to the eastern US.
Trump Admin Yanking Funding Massive Green Energy Boondoggle In Kansas And Missouri
The Trump administration announced on Wednesday that it is canceling another multi-billion-dollar loan agreement for a massive green energy project that was pushed through during the final days of the Biden administration. The Department of Energy (DOE) terminated a $4.9 billion conditional loan commitment for the Grain Belt Express, a transmission line project that has been […] Trump Admin Yanking Funding Massive Green Energy Boondoggle In Kans…
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