ExxonMobil in the Crosshairs: The Trump Administration Is Cutting Funding for Projects Aimed at Capturing a Potential $4 Trillion Market Opportunity.
The Trump administration is cutting funding to 24 green energy projects totaling $3.7 trillion, 70% of which received approval toward the tail end of the Biden administration. Oil giant ExxonMobil (NYSE: XOM) got caught in the crosshairs of these cuts. It stands to lose $332 million in funding for a carbon capture and sequestration (CCS)…