Trump energy policies put $13 billion in green investments at risk

The U.S. Department of Energy announced today its intention to return more than $13 billion in unobligated funds that had been allocated under the previous administration’s “wasteful” Green New Scam agenda. The department said the move reflects the Trump administration’s focus on halting “wasteful” spending and refocusing on its core mission.

“The American people elected President Trump largely because of the last administration’s reckless spending on climate policies that fed inflation and failed to provide any real benefit to the American people,” U.S. Secretary of Energy Chris Wright said. “Thanks to President Trump and Congress, those days are over. By returning these funds to the American taxpayer, the Trump administration is affirming its commitment to advancing more ‘affordable, reliable, and secure’ American energy and being more responsible stewards of taxpayer dollars.”

The Working Families Tax Cut, signed into law earlier this year, directed the Energy Department to rein in “bloated” federal spending and expedite the return of unobligated funds to the U.S. Treasury. According to the department, this step is part of the administration’s ongoing effort to reverse previous spending on climate and energy programs.

The decision is one of a series of recent actions that include canceling millions in federal funding for a dozen offshore wind energy projects and halting initiatives such as the “Solar for All” program. In addition, the president signed an executive order to eliminate subsidies for renewable energy sources, calling them “unreliable.”