The US has axed awards to 24 green energy projects issued during President Joe Biden's administration that totaled more than $3.7 billion, including one at an Exxon refinery complex in Texas, the Energy Department said.
The administration of President Donald Trump has said it is evaluating publicly funded awards and loans issued to emerging technology projects during Biden's administration. It's occurring as the Trump administration pursues the maximization of already record-high oil and gas output while dismantling swaths of Biden's policies on climate and clean energy.
The Office of Clean Energy Demonstration awards for carbon capture and storage and other technologies the department axed include nearly $332 million to a project at Exxon Mobil's Baytown, Texas, refinery complex, $500 million to Heidelberg Materials in Louisiana, and $375 million to Eastman Chemical Company in Longview, Texas.
The Baytown award was meant to cut carbon emissions by enabling the use of hydrogen instead of natural gas for the production of ethylene, a feedstock used in producing textiles and plastic resins.
The department said nearly 70% of the awards had been signed between the November 5, 2024, election day and January 20, Biden's last day in office.
The companies did not immediately respond to requests for comment.