BIST10013.943,87▼ 0.00%Houthi Attack on Aramco Facilities: Energy Markets ReactUSD/TRY47.5571▲ 0.20%Burnham's Land Tax Plan Faces Backlash from Professional Classes: Market Reactions and Economic ImplicationsEUR/TRY53.9507▲ 0.30%BIST100's 0.27% Drop Yields 20.5039% Return in Top FundsBTC/USD$64,226.48▲ 0.43%Banking Interest Crisis: UK Investors Seize 5-8% Rates as Savings BoomGOLD6.180,05▲ 0.15%France Wildfires: 200,000 Evacuated as Economic Risks MountBRENT$96.78▼ 0.00%Portugal's €3.9 Billion FREMM EVO Deal: A New Page in NATO Partnership Mega Millions $800 Million Jackpot: How Much Could the Winner Actually Take Home?BIST10013.943,87▼ 0.00%Houthi Attack on Aramco Facilities: Energy Markets ReactUSD/TRY47.5571▲ 0.20%Burnham's Land Tax Plan Faces Backlash from Professional Classes: Market Reactions and Economic ImplicationsEUR/TRY53.9507▲ 0.30%BIST100's 0.27% Drop Yields 20.5039% Return in Top FundsBTC/USD$64,226.48▲ 0.43%Banking Interest Crisis: UK Investors Seize 5-8% Rates as Savings BoomGOLD6.180,05▲ 0.15%France Wildfires: 200,000 Evacuated as Economic Risks MountBRENT$96.78▼ 0.00%Portugal's €3.9 Billion FREMM EVO Deal: A New Page in NATO Partnership Mega Millions $800 Million Jackpot: How Much Could the Winner Actually Take Home?

Global MarketsJuly 25, 2026 at 07:11 PM

Trump Administration Admits Politically Motivated Cancellation of Clean Energy Grants

724FinanceBora Yalın

Trump Administration Admits Politically Motivated Cancellation of Clean Energy Grants

The Trump administration has admitted to canceling over $7.5 billion in federal clean energy grants to 16 states based solely on whether they backed Donald Trump in the 2024 election. The cancellations, announced in October, targeted projects in Democratic states including California. The administration framed the move as cost-saving but court filings revealed the decisions were based on political identity. The Energy Department claimed the cancellations were not politically motivated but politically driven. The White House plans to shift federal grant reviews to political appointees, raising concerns about political interference in clean energy projects.