‘Climate Startups’ Are Pausing Operations, Cutting Staff & Entering Bankruptcy as Trump Policies Bite – Bye-bye to ‘carbon capture’ & low energy energy
By Admin
June 9, 2025
https://www.wsj.com/articles/climate-startups-are-pausing-operations-cutting-staff-and-entering-bankruptcy-as-trump-policies-bite-3a63bb53?st=sSC5wEBy Yusuf Khan and Clara Hudson
Climate startups are feeling the impact of President Trump’s attacks on the energy-transition sector, as funding and job cuts, operational halts and bankruptcies rack up.
From carbon capture to solar power, companies across the clean-tech spectrum are reeling from funding withdrawals, policy changes and import restrictions brought in by the Trump administration as it has set about dismantling the climate goals of its predecessor.
On Friday, the Energy Department announced $3.7 billion worth of funding cuts for clean-energy and climate projects, with a large portion of the canceled grants focused on carbon capture and sequestration. Of 24 projects terminated in the move, 16 were signed between election day and Trump’s inauguration, the DOE said in a statement.
“There are going to be some companies that do fall away because they do not have strong fundamentals,” said Amy Duffuor, general partner at Azolla Ventures, a climate focused venture capital investor. “But a lot of high quality companies that do not receive the funding will not scale.”
https://www.climatedepot.com/2025/06/09/climate-startups-are-pausing-operations-cutting-staff-entering-bankruptcy-as-trump-policies-bite/
