Trump Administration Reclaims $3.7B in Clean Energy Awards

Trump’s DOE reverses $3.7B clean energy awards, impacting major firms like Exxon and Brimstone. Discover why these projects are under threat.
Matilda
Trump Administration Reclaims $3.7B in Clean Energy Awards
Trump Administration Reclaims $3.7 Billion in Clean Energy and Manufacturing Awards Why is the Trump administration clawing back $3.7 billion in clean energy and manufacturing awards? If you're looking for clarity on this headline-making decision, you’re not alone. Energy Secretary Chris Wright confirmed that the Department of Energy (DOE) is rescinding 24 previously approved awards, affecting a mix of large corporations and innovative startups. This move is part of what Wright calls "due diligence" and is sparking significant debate across industries. Key players like Exxon Mobil, Kraft Heinz, and innovative clean tech companies like Brimstone Energy and Sublime Systems are now facing unexpected setbacks.                            Image Credits:Christopher Furlong/ Getty Images The clawback affects major investments tied to President Biden’s push for clean energy and advanced manufacturing. By leveraging its audit powers, the DOE appears to be reevaluating these projects,…