Fox Business Kelly talks with Chris Wright, secretary of Sabari Energy as the administration sees to cancel the biden-era energy regulations.
The Trump administration has canceled a grant of $ 3.7 billion for several climate-related infrastructure projects, most of which were approved in the former President. Joe Biden Lame Duck period after losing 2024 election.
Energy Secretary Chris Wright announced on Friday and said that 24 projects failed to pursue energy needs of American people, not financially viable and taxpayers would not generate positive returns on dollars investment.
The department stated that “Perfect and Personal Financial Review of Each Award”, it was found that about 70% of the awards (16 of 24 projects) were signed on the last day of Biden between Election Day on 5 November and on January 20 in the office.
Energy Secretary Chris Wright announced on Friday and said that 24 projects failed to pursue energy needs of American people, were not financially viable and taxpayers would not generate positive returns on doll investment (Al Drago / Bloomberg Getty Image / Getty Image)
Trump Energy Secretary says that the rules of Biden are worse than North Korea
The grant was mainly awarded programs for capturing carbon emissions and storing them underground. Other targeted efforts have cleaner cement, natural gas and more. This news comes when Trump wants to destroy the swath of Biden Climate policies And clean energy.
“While the previous administration failed to make a completely financial review before signing the billions of taxpayers, the Trump Administration is working proper to ensure that we are using taxpayers dollars to strengthen our national security, cheap, reliable energy sources and advance projects that generate the highest possible return on investment,” said Energy Secretary Chris Right. “Today, we are working in the best interest of American people by canceling these 24 awards.”
Cuts include $ 500 million for Exonmobil’s Beytown, Texas, Refinery Complex, Heidelberg content in Indiana and Longview and Longview, about $ 332 million from a project in $ 375 million for Eastman Chemical Company in Texas.
Carbon capture, often referred to as a carbon capture and storage (CCS), is a climate change technique designed to enter carbon dioxide emissions from entering the atmosphere or to prevent pollution currents of features, in which coal burns and forms that coal, including refineries and plants, forms it, for storage.
Climate change workers claim that man-made carbon emissions causes the Earth to heat up. Trump has long rejected the theory and often referred to progressive climate and energy policies as “green new scams”. “Green New Deal,” Rape. A comprehensive climate and economic proposal by Progressive Democrats like Alexandria Osacio-Coortage, DNY champions.
President Donald Trump speaks on March 3, 2025 in the Roosevelt Room of the White House at Washington, DC. (Through Roberto Schmidt / AFP Getty Image / Getty Image)
Energy focused environmental groups reduced the cuts. Steven Nadel, Executive Director of the American Council for a Energy-skilled Economy, said the step was short-sighted and could prevent innovation.
Nadel said, “Locking domestic plants into old technology is not a recipe for future competition or bringing manufacturing jobs back to American communities.”
The Center for Climate and Energy Solutions estimated that for projects cut, testing cases for huge industrial programs, loss of 25,000 jobs and loss of $ 4.6 billion in economic production.
The agency stated that the review of projects was reviewed by the Department of Energy, after identifying the waste, protecting the US national security and pursuing President Trump’s target to meet cheap, reliable and safe energy for American people.
On 29 April 2024, Emissions at the coal-fuel Oak Grove Power Plant at Robertson County, Texas. Trump Energy Department has canceled $ 3.7 billion in grants for climate projects including carbon capture, to ensure Econo as part of a review (Brandon Bell / Getty Image) / Getty Images)
On Friday, Wright said that the Biden administration “strangled the Alaska state with restrictions and red tapes that was beyond the joint level on North Korea, Iran and Venezuela.
Wright commented To convince Trump’s executive orders, the Ronald Reagan Presidential Library inaugurated the “Unlike American Energy” at the inaugural Reagan National Economic Forum and how the administration is dealing with the rules that have stopped the development of coal and nuclear power in recent history. Fox News’ Maria Bartiromo moderated the energy-centered panel.
Fox News’ Emma Colon and Reuters contributed to this report.
