Trump Administration Cancels Anti-Carbon Project Funding

Energy Secretary Chris Wright said his department would cancel $3.7 billion in grants funding 24 projects aimed at developing decarbonization or carbon sequestration technology. Wright's statement included the usual administration boilerplate that accompanies cuts like these: "The Trump administration is doing our due diligence to ensure we are utilizing taxpayer dollars to strengthen our national security, bolster affordable, reliable energy sources and advance projects that generate the highest possible return on investment." These program cancellations are part of a broader audit of 179 climate programs worth $15 billion.