The US is set to cancel funding for two major direct-air capture plants

Trump Eyes New Round of Clean Energy Cuts Worth Billions

The U.S. government is considering canceling or rescinding billions of dollars in previously awarded funding for clean-energy and carbon management projects in a continued effort to alter the trajectory of climate investment. According to a list obtained by Reuters, the Department of Energy (DOE) is reviewing awards across a wide array of sectors, from auto manufacturing to direct air capture hubs. Among the proposed cancellations are two major …

Trump to Cancel Direct Air Capture Hubs in Texas, Louisiana

Trump’s Department of Energy is planning to terminate awards for the two major Direct Air Capture Hubs funded by the Bipartisan Infrastructure Law in Louisiana and Texas, Heatmap has learned.An internal agency project list shared with Heatmap names nearly $24 billion worth of grants with their status designated as “terminated,” including the Occidental Petroleum’s South Texas DAC Hub as well as Project Cypress, a joint venture between DAC startu…

The US is set to cancel funding for two major direct-air capture plants

The terminations would cut tens of millions of dollars that Climeworks, Heirloom, Oxy and others were depending on to develop carbon removal projects in Louisiana and Texas.

Trump Considers Scrapping Major Clean Energy Project Funds

Projects on the list include two major direct air capture hubs that received billion-dollar awards from former President Joe Biden's administration, including one that involves oil company Occidental. The post Trump Considers Scrapping Major Clean Energy Project Funds appeared first on StratNews Global.

Megaton direct air capture projects axed by Trump administration

Federal support for two flagship megaton direct air capture (DAC) hubs designed to generate millions of credits for carbon markets has been terminated, according to a leaked list of cancelled grants. The Louisiana- and Texas-based projects are among the highest-profile carbon removal projects underway in the U.S. and were expected to eventually receive more than $1 billion in government support. The Louisiana facility, known as Project Cypress, …