TL/DR –
President Trump has ordered federal agencies to halt the spending of money from the Inflation Reduction Act, a major climate law from former President Joe Biden that subsidised clean energy initiatives with hundreds of billions of dollars. The executive order issued requires agencies to review grants, loans and other payments associated with the Act, which Trump has labelled the “Green New Scam.” This move follows a promise Trump made on the campaign trail to “rescind unspent” money from the climate law.
Trump Orders Pause on Funds from Biden’s Climate Law
President Donald Trump has commanded federal agencies to halt all spending from the Inflation Reduction Act, an expansive climate law implemented by his predecessor Joe Biden. This law, characterized by Trump as the “Green New Scam,” granted substantial subsidies to clean energy initiatives and other climate efforts.
The executive order, issued Monday, instructs agencies to audit all grants, loans, and other payments related to the Inflation Reduction Act. This decision comes on the heels of Trump’s campaign promise to “reclaim unspent” funds from the climate law, lauded by Democrats as…
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