Trump Is Canceling $3.7 Billion in Clean Energy Projects [View all]

Source: Bloomberg

"The Energy Department is canceling some $3.7 billion in government support for clean energy projects it said did not warrant continued backing from the Trump administration.

The agency said the move came after the agency found the projects “failed to advance the energy needs of the American people, were not economically viable and would not generate a positive return on investment of taxpayer dollars.”

Sixteen of the 24 projects were awarded during the Biden administration between Election Day and President Donald Trump’s Jan. 20 inauguration, the department said in a statement.

Among the canceled awards, according to a list provided by the Energy Department, was $331 million to Exxon Mobil Corp. for a hydrogen project at the company’s Baytown, Texas, refinery; $170 million to Kraft Heinz Co. for a series of clean energy projects; and $500 million to Heidelberg Materials AG for a low-carbon cement project."

Read more: https://www.bloomberg.com/news/articles/2025-05-30/trump-canceling-3-7-billion-in-clean-energy-projects