US pulls billions from CCUS, decarbonisation projects: ‘major step backwards’
“We are faced with a worst-case scenario in which the American taxpayer and businesses have invested billions without any results."
The Trump administration has announced the termination of US$3.7 billion of federal grants for 24 carbon capture and decarbonisation projects that had been approved under the Biden presidency.
The announcement was made by Energy Secretary Chris Wright last week, specifying that the projects “primarily include” funding for carbon capture and sequestration (CCS) and decarbonisation initiatives.
