Commodities

Nearly half-billion in clean energy funding lost in NY as Trump cancels grants


Some $450 million in federal funding that was set to come to New York for clean energy projects has been canceled by the Trump administration after what it said was a review of previously approved grants.

The 25 New York grants that were axed were part of the Department of Energy’s cancellation of $7.6 billion in total funding destined for work around the U.S. The department said it was pulling back those 321 grants awarded by the Biden administration after concluding they didn’t meet the country’s energy needs or weren’t “economically viable.”



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