Trump Cancels Over $4 Billion In What?

President Donald Trump’s energy team just shut the door on one of Joe Biden’s biggest green energy handouts — a $4.9 billion federal loan guarantee tied to a massive wind and solar project critics call a financial and environmental disaster.

Biden’s $4.9 Billion Green Energy Gamble Canceled

In a significant victory for taxpayers and American energy independence, the Trump administration has officially canceled a $4.9 billion federal loan guarantee tied to the Grain Belt Express — an 800-mile transmission project designed to transport wind and solar power from Kansas across Missouri and Illinois.

The project, greenlit by the Biden administration in November 2024, was described as the “largest transmission line in U.S. history.” But experts at the Department of Energy (DOE) say the math doesn’t add up — and President Trump’s energy team isn’t footing the bill for another green boondoggle.

DOE Slams the Brakes: “Unnecessary and Financially Unsound”

According to a statement from the DOE, a thorough review of the project’s financials showed it failed to meet the key conditions for a government loan guarantee. The agency made it clear: “It is not critical for the federal government to have a role in supporting this project.”

Translation: Taxpayer money should not be wasted on risky, politically-driven energy experiments.

The DOE further explained that the loan was rushed through during Biden’s lame-duck period — part of a wave of last-minute green energy deals approved between Election Day and Inauguration Day.

Now, all of those deals are under review to ensure taxpayer dollars are spent wisely — not used to fund ideological pet projects.

President Trump Signs Executive Order to Unleash American Energy

Just hours after taking office in January 2025, President Trump signed an executive order titled “Unleashing American Energy” — shifting national energy priorities back toward oil, natural gas, clean coal, nuclear, and hydropower.

Notably absent from the president’s energy plan? Unreliable wind farms and costly solar arrays backed by foreign components and Chinese rare earth minerals.

The executive order marks a major shift away from Biden’s radical green energy agenda, which many conservatives believe threatens U.S. jobs, raises energy costs, and weakens the power grid.

Sen. Josh Hawley Applauds Trump: “The Boondoggle Loan is CANCELLED”

Senator Josh Hawley (R-MO), a staunch opponent of the Grain Belt Express, celebrated the decision, posting online:
“The Grain Belt Express boondoggle loan has been CANCELLED.”

Hawley had been actively lobbying President Trump to reject the project, calling it a “wasteful disaster disguised as clean energy progress.”

While developers like Chicago-based Invenergy continue to claim the project aligns with Trump’s energy vision, voters and energy experts alike aren’t buying it. The message from the Trump administration is crystal clear:
No more blank checks for green energy failures.

Bottom Line: Trump Protects Taxpayers, Biden’s Green Agenda Hits a Wall

This latest move highlights a key difference between Trump and Biden:

• Trump’s energy plan is about reliability, low costs, and putting American workers first.
• Biden’s agenda? Bloated subsidies, failed experiments, and massive debt at the taxpayers’ expense.

With a renewed focus on energy independence, common sense, and accountability, the Trump administration is putting America back on a smarter energy path — and stopping bad deals before they bankrupt the country.