(Reuters) -The U.S. government is considering cancelling $12 billion in Congressionally-mandated funding for clean energy projects beyond the cuts announced last week, a list of targeted projects seen by Reuters showed. The projects on the list include two major direct air capture hubs that received billion-dollar awards from the administration of former President Joe Biden, including one that involves oil company Occidental. The possible new cancellations come a week after the Department of Energy announced plans to cancel $7.56 billion in financing for hundreds of energy projects that it said would not provide sufficient returns to taxpayers. White House budget director Russell Vought said in a post on X last week that the administration would terminate nearly $8 billion in climate-related funding in 16 Democratic-led states, including California and New York. (Reporting by Valerie Volcovici in Washington, additional reporting by Chandni Shah in Bengaluru; Editing by Chris Reese and Nia Williams)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
