Maine public universities impacted by Department of Energy funding cuts

Trump's Energy Department Mulls Cutting Billions In Clean-Energy Funds, Threatening Exxon, Occidental Projects - iShares Global Clean Energy ETF (NASDAQ:ICLN), NextEra Energy (NYSE:NEE)

The U.S. Energy Department (DoE) is reportedly contemplating substantial reductions, potentially halting nearly $10 billion in federal funding for clean-energy projects. This move could jeopardize high-profile collaborations with Exxon Mobil (NYSE: XOM) and Occidental Petroleum (NYSE: OXY).

Maine public universities impacted by Department of Energy funding cuts

The decision is being challenged in court by a group of public and private universities, including associations that represent University of Maine System schools.

Judge blocks US Energy Department effort to cut research support for universities

US District Judge Allison D. Burroughs granted universities and university advocacy groups relief Wednesday when she approved their motion for a temporary restraining order on the federal Department of Energy’s (DOE) new “Rate Cap Policy.” The DOE announced its new policy on April 11. The policy will cut funding for indirect costs that support research at colleges and universities by roughly half. Indirect costs include areas like infrastructure…

iPhones and GPS wouldn’t exist without research funded by the US government. What’s at stake in Trump cuts to university funding

Imagine a world without the internet, or GPS, MRNA vaccines or the touchscreen on your iPhone. The science and technology that have become integral to our daily lives may never have existed, experts say, were it not for research funded by the federal government at American colleges and universities.