Saturday, December 20, 2025
Trump mulls cutting billions in funds from list of clean energy projects- oil and gas 360

Trump mulls cutting billions in funds from list of clean energy projects

(Investing)– The U.S. government is considering canceling billions of dollars in funding for clean energy programs, including awards for auto manufacturing and carbon capture, according to a list of targeted projects seen by Reuters. Projects on the list include two major direct air capture hubs that received billion-dollar awards from former President Joe Biden’s administration, including one that involves oil

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