Reuters: US to Cancel $13B in Green Energy Funds

A recent Reuters report indicates the Department of Energy under the Trump administration plans to rescind over $13 billion in funding previously allocated by the Biden administration for subsidies supporting wind, solar, battery technology, and electric vehicle development. The Department of Energy stated this decision reflects its "commitment to advancing more affordable, reliable and secure American energy and being more responsible stewards of taxpayer dollars." This policy shift may negatively impact the clean energy sector. A study by environmental advocacy group E2 suggests potential job losses in solar, wind, and related industries. California Governor Gavin Newsom has criticized the decision, arguing it cedes U.S. leadership in clean energy to China. While the specific funds targeted remain unspecified, this announcement follows President Trump's recent characterization of climate change as a "con job."