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Energy Department Cancels $3.7B Climate Funding, Risks Emission Goals

5/30/2025

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Summary

Story summary

The Energy Department has made a bold move, canceling $3.7 billion in funding designed to tackle global warming. This decision impacts major players like Calpine and Exxon Mobil, who saw cuts of $540 million and $331 million, respectively, for their carbon capture projects. The future of emission reduction now hangs in the balance.

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Story summary

The Energy Department has made a bold move, canceling $3.7 billion in funding designed to tackle global warming. This decision impacts major players like Calpine and Exxon Mobil, who saw cuts of $540 million and $331 million, respectively, for their carbon capture projects. The future of emission reduction now hangs in the balance.