Breaking news: the U.S. Department of Energy just pulled the plug on 223 clean energy and renewable projects! 😳🌱 These initiatives, funded under the Biden administration, were canned after failing to meet economic, national security, or energy security standards.
The DOE identified 321 financial awards tied to these projects and decided they didn’t pass muster—so they’re out. 🤷♂️
White House budget director Russell Vought tweeted on X: "Nearly 8 billion dollars in Green New Scam funding to fuel the Left's climate agenda is being cancelled."
This move follows a late-May Trump-era cut to 24 emerging energy tech projects. Now, amid a federal government shutdown, approvals for new wind and solar farms are on pause ⚡❄, while oil and gas activities can continue using carryover funds.
What does this shakeup mean for the future of clean energy in the U.S.? Investors and entrepreneurs are watching closely as the wind and solar sectors face unexpected roadblocks. Stay tuned for more updates! 🌍✨
Reference(s):
U.S. energy department terminates hundreds of clean energy projects
cgtn.com
