New Budget Proposal Cuts Clean Energy Funding, Expands Fossil Fuel Research

New Budget Proposal Cuts Clean Energy Funding, Expands Fossil Fuel Research

OilPrice.com

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President Trump’s newly released 2026 budget proposal aims to slash over $15 billion in federal support for carbon capture and renewable energy programs, signaling a sharp pivot toward fossil fuels and nuclear energy—and away from climate-focused policy. The White House plan, which proposes $163 billion in total cuts to non-defense spending, also scraps $6 billion in funding for electric vehicle (EV) chargers from the 2021 bipartisan infrastructure law. The administration blamed the lack of charger deployment on overregulation and climate…

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