Trump Administration Eyes $12 Billion in New Energy Project Cuts

The Trump administration is considering canceling about $12 billion in energy projects, including funding for hydrogen ventures backed by US oil majors, according to a list seen by Bloomberg.

Among those up for termination are hydrogen projects worth billions of dollars, including a Texas hub backed by Exxon Mobil Corp. and Chevron Corp., and another by utility Exelon Corp. and reactor operator Constellation Energy Corp. Also on the list: $1 billion in total awarded to automakers Stellantis and General Motors Co.

An Energy Department spokesman, Ben Dietderich, said no determinations had been made to terminate projects outside those ...