The US Department of Energy (DOE) has announced plans to return more than US$13 billion in unobligated funds to the Treasury. The funds had originally been allocated under the previous administration for climate-related initiatives.
According to Energy Secretary Chris Wright, the decision follows the Working Families Tax Cut, signed into law earlier this year, which requires the DOE to reduce federal spending and return unused funds. The DOE stated that the move is intended to support its focus on affordable, reliable and secure energy while improving efficiency in the use of public funds.
The department did not specify which projects may be affected by the return of funds.
