Energy Secretary Grilled by Senate Panel Over Funding Clawbacks

The energy secretary told a panel that 500 programs allotted $300 billion in loans are being examined, warning, ‘Some will be modified, some will be ended.’

Energy Secretary Chris Wright justified the termination of 24 energy projects that had been allocated $3.7 billion by Congress, during a Senate panel on June 18.

Wright said the clawbacks were the first round of scrutiny by a newly created review board in the Department of Energy (DOE) that is probing 500 authorized ventures set to receive $300 billion in funding through 2032.