Third Way Statement on Trump’s Decision to Kill Energy Projects

WASHINGTON—Trump’s Department of Energy said yesterday it will cancel over $7 billion of federal funding for more than 300 energy projects. The majority of these projects just so happen to be in states that didn’t back the president in 2024. Clearly, this decision is about punishing Democrats, not protecting taxpayers.

Third Way Senior Director of Domestic Policy Ryan Fitzpatrick issued the following statement:

“Investments in energy innovation and infrastructure improve grid reliability, keep America globally competitive, and lower electricity prices. By cancelling billions of dollars for crucial projects—overwhelmingly funded through bipartisan legislation—the Trump Administration is turning its back on energy workers, pulling the rug out from under businesses investing in America, and raising costs nationwide.

“Energy and research facilities aren’t built overnight. They require significant planning. Contracts have to be signed, supplies have to be purchased, and workers have to be hired. Companies enter federal agreements with one expectation: the federal government will keep its word. With this decision, the Administration once again demonstrates its word means nothing.

“Americans are deeply alarmed about rising costs. But instead of tackling surging prices, Trump is driving them even higher, and we’ve yet to see Republicans stop him. Energy costs are a major strain on families and businesses, and with this callous decision, Trump is making it harder to affordably meet our growing energy needs. 

“And that is on top of a health care cost crisis that Republicans created by slashing millions of Americans from Medicaid, decimating rural hospitals, and now refusing to stop the health care that middle-class families need from doubling in cost. Real people will be hurt. That’s why Democrats are fighting back for hardworking Americans and demanding Republicans reverse these massive price hikes.”