 Energy & Environment |
Energy & Environment |
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Trump admin cancels $3.7B for decarbonizing industry |
The Trump administration announced Friday it has canceled nearly $4 billion in awards aimed at the decarbonizing industry that were issued under the Biden administration. |
A press release described the $3.7 billion in canceled funding as mostly carbon capture projects — where technology is used to cut planet-warming emissions from fossil fuel plants — and "decarbonization initiatives." It also notes that of the 24 awards it canceled, 16 of them were issued between Election Day and Trump's inauguration. "While the previous administration failed to conduct a thorough financial review before signing away billions of taxpayer dollars, 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," Energy Secretary Chris Wright said in a written statement Friday. In addition to carbon capture, projects that were canceled include efforts to advance climate-friendly cement production, getting greener furnaces at glass and pipe companies and an effort to cut emissions at various plants used by food company Kraft Heinz. Read more at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, I'm Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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How policy will affect the energy and environment sectors now and in the future: |
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Trump announces plan to double steel tariffs |
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President Trump announced Friday his administration would be doubling tariffs on steel imports from 25 percent to 50 percent during a visit to Pennsylvania focused on boosting the U.S. steel industry. |
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| A village in Switzerland was buried in a recent glacier collapse, according to Swiss officials. |
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Smoke from wildfires burning in Canada is expected to cast a haze over the skies — and diminish air quality — in parts of the U.S. over the coming days. |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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Entergy is supporting growth and grid resiliency |
The Gulf South is a premier economic hub with resilient infrastructure, a skilled workforce and affordable energy rates. Learn how Entergy is investing in a more resilient future to support growth. |
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Upcoming news themes and events we're watching: |
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Two key stories on The Hill right now: |
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Fresh off a huge victory in passing their "big, beautiful bill" through the House, Republican lawmakers are finding that President Trump's agenda is a much tougher sell at home. Read more |
| Iowa Sen. Joni Ernst (R) pushed back against constituents who shouted out at her recent town hall meeting that cuts to Medicaid and the Supplemental Nutrition Assistance Program (SNAP) would cause people to die, responding, "Well, we're all going to die." Read more |
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Op-ed related to energy & environment submitted to The Hill: |
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You're all caught up. See you Monday! |
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