Thursday, June 26, 2025
New budget proposal cuts clean energy funding, expands fossil fuel research- oil and gas 360

New budget proposal cuts clean energy funding, expands fossil fuel research

(Oil Price) – President Trump’s newly released 2026 budget proposal aims to slash over $15 billion in federal support for carbon capture and renewable energy programs, signaling a sharp pivot toward fossil fuels and nuclear energy—and away from climate-focused policy. The White House plan, which proposes $163 billion in total cuts to non-defense spending, also scraps $6 billion in funding for