Energy Department to Slash Nearly $24 Billion in Green Project Funding

WSJ ProOct. 7, 2025 3:06 pm ET

The U.S. Energy Department is slashing nearly $24 billion of funding for climate projects, as the Trump administration moves to further unwind Biden-era climate policies during the government shutdown.

Early-stage climate projects across the U.S., from Louisiana to New York to Washington state, are on the chopping block, putting thousands of jobs at risk, especially in burgeoning carbon-capture and hydrogen sectors, according to a list reviewed by The Wall Street Journal. Funding for more than 600 projects is set to be axed, totaling $23.8 billion.

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