US Government Scraps Hundreds of Energy Projects in Democratic States - US Government Cancels $7.56 Billion in Energy Grants Amid Budget Dispute
The US government has cancelled 321 financial grants for energy projects, saving American taxpayers approximately $7.56 billion. This move is part of a budget dispute, with the Trump administration seeking Democrats' approval in the Senate for a new transition budget by November, threatening a government shutdown.
The cancelled projects, totalling $7.56 billion, were deemed 'not aligned with the nation's energy needs'. Recipients have been given 30 days to appeal the cancellation of funds.
Among the affected states are 16 that did not vote for Trump in the 2024 election, including California and New York. California's Governor Gavin Newsom revealed that a large hydrogen project in his state was threatened with a $1.2 billion cut, putting tens of thousands of jobs at risk. However, there is no information suggesting that energy shares in these states were placed on the stack by the Energy Department under President Trump for a total of $321 million.
The cancellation of these energy grants, amounting to billions in savings, is a significant development in the ongoing budget dispute. The Trump administration's actions have raised concerns about job security in certain states and the alignment of energy projects with national needs.
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