Overview

• Semafor reports a new $12 billion "kill list" of prospective DOE cancellations that includes high-profile carbon removal and hydrogen projects linked to Chevron and Occidental.
• Combined with last week’s cancellations and an earlier round in May, the projects targeted for cuts approach $24 billion, with timing uncertain and possible use as shutdown leverage.
• White House budget director Russell Vought said nearly $8 billion in climate-related funding was terminated in 16 Democratic-led states.
• The DOE said it canceled $7.56 billion affecting hundreds of projects after determining they would not deliver sufficient returns to taxpayers.
• Companies warn of lost jobs and shifting investments overseas, with CarbonCapture Inc. losing $16 million and declaring three U.S. projects in California, Illinois, and Louisiana "dead."