US Energy Department restores funding to carbon removal projects

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By Valerie Volcovici, Reuters. 

Excerpt: WASHINGTON, April 16 (Reuters) - The Department of Energy will retain funding for major carbon direct air capture awarded under the Biden administration after targeting them for ​fund cancellation last year, according to a list of projects identified ‌by the agency that it sent to Congress this week seen by Reuters. Last October, the DOE considered cancelling billions of dollars in funding for clean energy programs, including awards for auto ​manufacturing, hydrogen and carbon capture. Projects slated for cancellation included two major direct ​air capture hubs that received $1.2 billion awards from former President Joe ⁠Biden's administration, including one that involves oil company Occidental (OXY.N) in Texas and another ​in Louisiana. ...The DOE confirmed that the South Texas DAC Hub and Louisiana's Project Cypress were on the list of nearly 2,000 projects that would ​retain their funding.... 

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