WASHINGTON (Reuters) -The U.S. Department of Energy on Wednesday said it planned to cancel $7.56 billion in financing for hundreds of energy projects that it said would not provide sufficient returns to taxpayers.

The department’s announcement came hours after White House budget director Russell Vought said in a post on X that the administration would terminate nearly $8 billion in climate-related funding in 16 Democratic-led states, including California and New York.

The move was part of a broader, $26 billion funding freeze that was unveiled on Wednesday as President Donald Trump followed through on a threat to use the federal government shutdown to target Democratic priorities.

In a statement issued late on Wednesday, the DOE said it would cancel 321 financial awards supporting 223 p

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