AEA Urges Congress to Act on $9.4 Billion Rescission Package
WASHINGTON DC (6/10/25) – This week, Congress is expected to vote on President Trump’s proposal to rescind $9.4 billion in budget authority, which includes the full $125 million appropriated for FY 2025 to the Clean Technology Fund (CTF).
American Energy Alliance President Thomas Pyle issued the following statement:
“President Trump should be commended for sending the $9.4 billion recession package to Capitol Hill for a vote. It shows, once again, that he is committed to reducing unnecessary spending and encouraging Congress to be more judicious with the federal purse strings. This is how the government is supposed to work. While we are still a long way from a responsible and sensible budget process on Capitol Hill, this is an important first step.
“In particular, we are pleased to see that the elimination of the Clean Technology Fund is included in this package. The Obama-era boondoggle has robbed Americans of billions of dollars. As the recent blackouts in Spain very clearly demonstrated, both emerging and developed nations need access to affordable, reliable energy solutions, not globally subsidized wind farms. Thank you to President Trump for recognizing the CTF for what it is – a green slush fund – and continuing to put American taxpayers first.
“The Clean Technology Fund, which is one of two major Climate Investment Funds managed by the World Bank, was launched during the first Obama administration. The United States has long been the largest donor to the fund and has contributed over $3 billion since its inception.”
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