Trump Cancels $3.7B Climate Grants – Energy Dept
- The Trump administration has rescinded $3.7 billion in grants earmarked for 24 climate-related infrastructure projects.Secretary of Energy Chris Wright announced the move, stating the projects, many approved during...
- According to the Department of Energy,nearly 70% of the awards were signed between Election Day and Biden's last day in office.Wright said the Trump administration is ensuring taxpayer...
- The grants primarily targeted carbon capture and storage programs, along with initiatives for cleaner cement and natural gas.
The Trump administration has axed $3.7 billion in grants for 24 climate-related projects,a move Secretary of Energy Chris Wright defends as necessary to prioritize taxpayer dollars.the decision, announced by the Department of Energy, targets initiatives like carbon capture and storage and cleaner energy programs that were largely approved in the final days of the Biden administration. This shift reflects Trump’s commitment to promoting affordable energy and dismantling existing climate policies, hitting projects involving ExxonMobil, Heidelberg Materials, and Eastman Chemical Company. Environmental groups are already voicing objections, citing potential job losses and economic setbacks. For a deeper dive into the ripple effects,visit News Directory 3 for comprehensive reporting. Discover what’s next for these crucial energy sources.
Trump Cancels $3.7B in Biden-Era Climate Project Grants
The Trump administration has rescinded $3.7 billion in grants earmarked for 24 climate-related infrastructure projects.Secretary of Energy Chris Wright announced the move, stating the projects, many approved during Joe Biden’s final days in office after losing the 2024 election, would not meet the energy needs of Americans or provide a sound return on investment.
According to the Department of Energy,nearly 70% of the awards were signed between Election Day and Biden’s last day in office.Wright said the Trump administration is ensuring taxpayer dollars are used to strengthen national security and bolster affordable energy sources.
The grants primarily targeted carbon capture and storage programs, along with initiatives for cleaner cement and natural gas. The move aligns with Trump’s broader effort to dismantle Biden’s climate policies and promote affordable energy.
Specific cuts include nearly $332 million from an ExxonMobil refinery project in Baytown, Texas, $500 million to Heidelberg Materials in Indiana, and $375 million to Eastman Chemical Company in Longview, Texas. Carbon capture aims to prevent carbon dioxide emissions from entering the atmosphere by storing them underground.
Trump has long criticized climate and energy policies, often referring to them as the “Green New Scam.”
Environmental groups are decrying the cuts. Steven Nadel, executive director of the American Council for an Energy-Efficient Economy, called the move short-sighted and said it could stifle innovation. The Center for Climate and Energy Solutions estimates the cuts could result in the loss of 25,000 jobs and $4.6 billion in economic output.
Wright also stated the Biden administration “strangled” Alaska with excessive restrictions, even more so than those imposed on North Korea, Iran, and Venezuela.