Trump plans to tap Biden’s green bank to make billions


US President Donald Trump. — Bloomberg

WASHINGTON: The Trump administration plans to use a US$400bil green bank the president once sought to kill to finance billions of US dollars in loans for nuclear reactors, geothermal power and critical minerals, according to details of the administration’s fiscal year 2026 budget request. 

The funding would primarily support the construction of smaller nuclear reactors as well as untested advanced nuclear reactors that have struggled to gain traction.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

LSH Capital wins Kuantan road contract
Potential for nuclear to fill coal power gap
AI,�eCommerce�tailwinds to buoy logistics sector
Perak Transit names Jeffrey Cheong deputy
EPB eyes transfer from ACE to Main Market
Bus Cap secures Bursa Malaysia nod for ACE Market listing
MM Computer moves forward with IPO
Malaysia prepares�carbon pricing rollout
AEON Credit sets modest FY27 targets amid geopolitical risks
SC appoints Manoj Kurup as executive director for enforcement

Others Also Read