The US government will now guarantee loans for more types of energy projects

The US Department of Energy changed its rules for loan guarantees. It will now back loans for a wider range of energy projects, including those focused on "energy dominance."

This rule change means the US government will use its financial power to support more fossil fuel and nuclear projects. It makes it easier for these projects to get private funding, because the government takes on some of the risk. This could accelerate the development of projects that might otherwise struggle to find investors.