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U.S. Scraps $3.7B Carbon Capture Grants, 25,000 Jobs at Risk

6/3/2025

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Summary

Story summary

In a bold move, the U.S. Department of Energy has scrapped 24 awards worth $3.7 billion for carbon capture projects, deeming them economically unfeasible. This decision, impacting major players like Calpine and Exxon, threatens to eliminate 25,000 jobs and raises concerns about the nation's edge in clean energy innovation.

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Story summary

In a bold move, the U.S. Department of Energy has scrapped 24 awards worth $3.7 billion for carbon capture projects, deeming them economically unfeasible. This decision, impacting major players like Calpine and Exxon, threatens to eliminate 25,000 jobs and raises concerns about the nation's edge in clean energy innovation.