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DOE Cancels Climate Project Funding. Selectively.

I’ve seen this before—in Russia. Decisions made not for policy, not for strategy, but for unchecked power. Now I see this playing out in the U.S.


When Trump first took office, I found comfort in Jigar Shah, then head of the DOE Loans Program Office, who said climate funding would continue because many projects were in Republican states.


What I didn’t expect was worse: the federal government is now cancelling support for projects in Democratic states only.


Blanket cancellation would at least send a clear (if stupid) message: “we don’t care about climate.” But targeting only Democratic projects says something else: “we don’t care about anything, except power. Our power.”


This logic is familiar to me. It reminds me of Russia, where decisions are driven not by strategy, not even ideology, but by the immediate pursuit of unchecked authority.


Ok, rant over. Back to business.


The U.S. is fast losing its credibility as a place where law-abiding businesses can count on politics not to ruin long-term investments. That leaves Europe as the last major region where investors can still count on rules and continuity.


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© Emin Askerov, 2023.

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