Former Apollo executive Gregory Beard was recently tapped to run the Office of Energy Dominance Financing, the largest energy lender in the world, with some $289 billion in loan authority. Beard has only been at the helm for a few weeks, but he has big plans for the agency, including dispensing capital at a record rate. Under President Joe Bidenand his climate-focused administration, the agency was supercharged, acting as a green bank of sorts. Staff quadrupled, and the Inflation Reduction Act grew available funds by tenfold. But with the new administration, the office has changed course, shedding the green angle that President Donald Trump has called a scam. In addition to an official name change, the agency is now focused on six areas: nuclear; coal, oil, gas and hydrocarbons; critical materials and minerals; geothermal; grid and transmission; and manufacturing and transportation. The world’s largest energy lender has a new head: Here’s how it could shape U.S. policy