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2mo ago

Trump Administration Announces Major EPA Budget Cuts and Policy Shifts

The White House clarifies plans to cut 65% of the EPA's budget, not its workforce, while pursuing aggressive energy and environmental policy changes.

EPA Administrator Lee Zeldin makes a water policy announcement and holds a signing ceremony with members of the West Virginia Congressional Delegation at the EPA headquarters in Washington, D.C., U.S., February 18, 2025. REUTERS/Kent Nishimura/File Photo
FILE - President Donald Trump speaks to reporters in the Oval Office of the White House, Feb. 13, 2025, in Washington. (AP Photo/Ben Curtis)
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EPA Administrator Lee Zeldin speaks with members of the media following a signing ceremony with members of the West Virginia Congressional Delegation at the EPA headquarters in Washington, D.C., U.S., February 18, 2025. REUTERS/Kent Nishimura/File Photo

Overview

  • The Trump administration clarified that the Environmental Protection Agency (EPA) will cut 65% of its budget rather than its workforce, though additional layoffs are still expected.
  • EPA Administrator Lee Zeldin aims to recover $20 billion in grants from the Greenhouse Gas Reduction Fund, claiming improper distribution under the previous administration, though no fraud has been formally identified.
  • Trump announced plans to terminate Chevron's oil production license in Venezuela, citing unmet conditions and electoral concerns, with the termination set to take effect on March 1.
  • Congress voted to repeal the Biden-era methane emissions fee on oil and gas facilities, with Republicans framing it as a move to protect domestic energy production.
  • BP's CEO announced a strategic pivot back to fossil fuels, aiming to double the company's market capitalization to $200 billion within five years.