TRUMP’S ATTACKS ON CLIMATE POLICY ARE EVEN HITTING EXXON
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✍️ The US Department of Energy has rescinded $3.7 billion in grants awarded to 24 projects, including carbon capture and storage (CCS) projects, citing a thorough financial review. The move has raised concerns about the future of CCS technology and its potential impact on the environment.
👉 The US Department of Energy has rescinded $3.7 billion in grants awarded to 24 projects, including CCS projects. 👉 The move has raised concerns about the future of CCS technology and its potential impact on the environment. 👉 CCS technology is expensive and has limited effectiveness in reducing carbon emissions. 👉 The Trump administration's efforts to kill climate programs and the uncertainty surrounding federal tax credits have contributed to the decline of CCS projects. 👉 Some companies, such as ExxonMobil, continue to invest in CCS technology, citing potential markets abroad for carbon-derived products.
-- #AnikaJuhn #RohanDighe #JoeBiden #Houston #Texas #UnitedArabEmirates #Europe #environment
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