Trump knocks back America’s carbon capture industry

The Trump administration has canceled funding for nearly half of the federally backed megaprojects designed to pull carbon dioxide from the atmosphere — a major blow to the U.S. direct air capture industry that had flourished under former President Joe Biden. Corbin Hiar from POLITICO’s E&E News breaks down how these cuts could reshape the future of U.S. carbon removal, why the projects matter for climate goals, and what this decision signals about the administration’s approach to energy innovation. Plus, the Supreme Court on Friday said it will take up an appeal from Exxon Mobil as the energy giant attempts to recoup economic losses caused when its Cuban assets were seized by Fidel Castro's revolution in the early 1960s. Corbin Hiar is a climate and business reporter for E&E News. Josh Siegel is an energy reporter for POLITICO and the host of POLITICO Energy. Nirmal Mulaikal is the co-host and producer of POLITICO Energy.  Alex Keeney is a senior audio producer at POLITICO.  Ben Lefebvre is the deputy energy editor at POLITICO.  Matt Daily is the energy editor for POLITICO. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Our theme music is by Pran Bandi. Learn more about your ad choices. Visit megaphone.fm/adchoices