WASHINGTON: The Trump administration is exploring legal options to cancel loans issued under a US$400bil programme to finance clean energy technology as it considers overhauling the initiative, according to a person familiar with the matter.
The newly installed director of the Energy Department’s loan programme, John Sneed, told agency officials in a meeting last week the effort will be retooled to focus on technologies favoured by the new administration such as nuclear power and liquefied natural gas, according to the person who wasn’t authorised to discuss the matter publicly.
