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Wright on Fox Business Report: $30 Billion in Biden-Era Green Loans Cancelled, $53 Billion Revised, Jan. 27, 2026

January 27, 2026 · U.S. Department of Energy · 0:08:52

Embedded from the source channel — never re-uploaded. Watch on YouTube

What happened

A Fox Business segment carried on the Energy Department’s channel reported that the Trump administration was rolling back Biden-era climate spending, cancelling nearly $30 billion in green energy loans and revising another $53 billion, for roughly $83 billion in total, according to the report. The segment said the Energy Department found that more money was dispersed in the final months of the Biden era than in 15 of the previous years combined, according to the report.

The segment said the department eliminated about $9.5 billion in financing for wind and solar projects, replacing it with investments in natural gas and nuclear upgrades, and that in October it had cancelled nearly $8 billion in grants supporting hundreds of clean energy projects in 16 states after a review of 223 projects, according to the report.

In an interview excerpt in the segment, Energy Secretary Chris Wright said that of the roughly $100 billion committed to loans that his team examined, precisely zero of it was going to lower the cost of energy for Americans or expand production of reliable, affordable energy, and that it was driven by climate politics, according to Wright. Wright also urged New England residents to press their local officials for more secure, lower-cost energy, citing the long-planned Constitution pipeline, which he said a majority of high-ranking Northeast officials favor, according to the segment.

Why it matters

The segment is the public account of the Energy Department’s loan-program rollback — its stated totals and the secretary’s stated rationale that the cancelled lending would not have lowered energy costs.

Sources: U.S. Department of Energy, “Secretary Wright Joins Fox Business - January 27, 2026”, 2026-01-27 (official upload, embedded above; published 2026-01-27). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.