The US Department of Energy (DOE) terminated 24 Biden administration awards for carbon capture and other emissions-reduction technologies. In total, DOE walked back $3.7 billion in funding for carbon capture, clean hydrogen, renewables-plus-storage and other means.
“This is really a missed opportunity for DOE and this administration on carbon capture and sequestration projects that have long been supported by bipartisan members in Congress,” Bracewell’s Frank Maisano told S&P Global. “I would also remind that the majority of these projects are in red states and in industries that overwhelmingly support the president’s energy agenda.”
