The Trump administration announced Friday that it is canceling 24 awards previously issued by the Biden administration and the Office of Clean Energy Demonstrations that had exceeded $3.7 billion in federal tax money.
“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.
The majority of the awards entailed funding for carbon capture and sequestration, or CCS, and decarbonization initiatives. The administration noted that of the 24 awards issued, 16 of them were signed between Election Day 2024 and Jan. 20.
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