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Wednesday, 06/25/2025, Video Clip |
Green Project Cancellations Mounting As Trump Hammers Industry Green energy developers canceled $1.4 billion in projects in May as President Donald Trump and Senate Republicans move to bulldoze former President Joe Biden’s climate agenda, according to data from the green energy group E2. The number of abandoned projects in just the first five months of 2025 doubles the project cancellations in all of 2024; more than $15 billion in green energy investments have been canceled so far this year, according to E2 data. The industry is under duress as the Trump administration reverses Biden-era policies favoring industries like offshore wind and solar, and Congressional Republicans consider rolling back and phasing out green energy tax credits. “The consequences of continued policy uncertainty and the expectation of higher taxes on clean energy businesses are becoming painfully clear,” Michael Timberlake, a spokesperson for E2, told the Daily Caller News Foundation. (RELATED: Billions In Green Projects Up In Smoke As Trump, GOP Slice Up Dems’ Climate Largesse) Biden signed on his signature Inflation Reduction Act (IRA) in August of 2022, which spurred green energy projects with billions in tax credits and subsidies that Trump and several GOP Senators would like to void. Though Democrats initially touted the IRA as a way to reduce inflation, Biden later admitted it was a vehicle to advance his climate agenda; by
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California fertility clinic bombing: Alleged co-conspirator dies in federal custody |
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