Energy
2026-08-16
Trump's team spent a year and a half trying to claw back Biden-era climate spending. Most of the money is still there. Politico's own tally, published this week, found roughly $600 billion in clean energy funding remains available to spend or award. That's despite repeated attempts to cancel it since Trump took office.
The money survived mostly because of how it was built. Congress locked much of it into binding contracts, loan guarantees, and multi-year grants under Biden's climate and infrastructure laws. Undoing a signed contract is much harder than blocking a new one. Still, the fight wasn't bloodless. The White House did cancel close to $8 billion in projects, PBS found. Those cuts were concentrated heavily in states that voted for Biden. Companies caught in the middle say the uncertainty itself is costly, even when a project ultimately survives.
Will this money actually get spent, or just survive on paper? Being technically available isn't the same as being deployed. Watch how much of the $600 billion turns into built power plants and factories. Grid upgrades matter too, over the next two years. Companies say political uncertainty is already slowing decisions, even for money nobody has canceled.
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