The Trump administration has canceled $3.7 billion worth of grants for multiple climate-related infrastructure projects, the majority of which were approved in former President Joe Biden's lame duck period after he lost the 2024 election.

Secretary of Energy Chris Wright made the announcement on Friday and said the 24 projects failed to advance the energy needs of the American people, were not economically viable and would not generate a positive return on investment of taxpayer dollars.

The department said that after a "thorough and individualized financial review of each award," it found that nearly 70% of the awards (16 of the 24 projects) had been signed between election day on Nov. 5 and Biden's last day in office on Jan. 20. //

The Center for Climate and Energy Solutions is claiming a loss of $4.6 billion in economic output, along with the loss of thousands of jobs, and it would be roundly interesting to see them show their work on that estimate. That loss of economic output, of course, requires that there is some profit somewhere along the way. If any of these enterprises were profitable, if any of them actually generated any economic output, they wouldn't require millions or billions in taxpayer subsidies.

There is also a storm of whining about how these cuts and others like them under President Trump "stifle innovation." Horsefeathers. If there is a profit to be made in any of these technologies, someone will go to the effort to develop them.