Trump administration to claw back $3.7B in clean energy and manufacturing awards

The Department of Energy announced today that it would be clawing back $3.7 billion worth of awards made under the Biden administration for clean energy and manufacturing. Large corporations and growing startups were caught up in the decision. Energy secretary Chris Wrights said the moves were “due diligence” on the part of the Trump administration. His statement did not cite specific reasons why the projects were canceled, but pointed to a memorandum he issued on May 15, which suggests that the department may attempt to use its audit powers to rescind the awards. In total, 24 projects are affected by the move, including ones being developed by oil and gas giant Exxon Mobil, food manufacturer Kraft Heinz, industrial heat startup Skyven, cement and alumina startup Brimstone, and cement startup Sublime Systems. Here’s a sampling of some of the awards in jeopardy: American Cast Iron Pipe Company (metal manufacturing): $75 million Brimstone Energy (low-carbon materials): $189 million ... Read full article.