This story was originally published by Grist and is reproduced here as part of the Climate Desk collaboration.

In January, the Trump administration announced that it had completed its dismantling of yet another Biden-era climate program. This time, the target was the Department of Energy’s Loan Programs Office, which Democrats had injected with almost $400 billion to support ambitious new clean energy projects.

The Biden administration pursued climate policy primarily by having Congress pass massive subsidies for solar power, wind energy, and electric vehicles. But much of the infrastructure needed to push the US further away from fossil fuel dependence—like new nuclear power plants, high-voltage transmission lines, and battery factories—needed more than the tax credits at the core of Biden’s Inflation Reduction Act to get off the ground. The Loan Programs Office was meant to fill that gap by making prudent loans to ambitious projects that the private sector saw as too risky. With its $400 billion windfall, the once-obscure office became the largest energy lender in the world.

That ambition apparently put the office in the crosshairs of Trump’s secretary of energy, Chris Wright. He said the Biden administration “rushed [loans] out the door in the final months after Election Day,” and said he had rooted out projects that “do not serve the best interest of the American people.”

“I think in some ways, it’s to convince Trump that they’re shutting down loans.”

Wright claimed to have scrubbed or “revised” around 80 percent of the Biden administration’s $100 billion loan portfolio, and he teased plans to advance new loans that would support President Donald Trump’s anti-renewable-energy agenda. He even rechristened the office as the “Energy Dominance Financing” program—a reference to Trump’s catchphrase for his fossil-fuel-friendly energy policy.

The truth, however, bears little resemblance to Wright’s combative rhetoric. Former federal officials and sources who have worked with the Loan Programs Office say that the program has survived the Trump-era purge in something close to its Biden-era form—and that it is still supporting the buildout of clean energy. Wright has vastly overstated his revisions and left untouched projects that will support emissions-free energy at the country’s utilities, including major transmission upgrades and nuclear power plants. (The anonymous sources quoted below requested anonymity to avoid retaliation or because they have ongoing work with the federal government; the Department of Energy declined to answer questions or make Wright and other program leaders available for interviews.)

The quiet about-face by the Trump administration may signal a recognition that carbon-free energy can play a major role in managing the electricity price hikes that have angered voters in recent years.

“It sounds like the Trump administration seems to be responding to the energy affordability politics in a way that is, if not constructive, at least acknowledges that steel needs to get in the ground,” said Advait Arun, a policy analyst at the Center for Public Enterprise, a nonprofit that supports government-led........

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