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US energy department cancels $7.6 billion in funding meant for projects

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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

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