America's green tech start-ups are in a fight for survival
Donald Trump's return to the White House has been nerve-racking for Aniruddha Sharma, chief executive of Carbon Clean, a London-based developer of carbon-capture systems for industrial companies. 'There are days when I have fits,' he said.
His anxiety is understandable. One of President Trump's first acts upon returning to the White House was to impose a temporary freeze on more than $90 billion (£68 billion) in federal support for climate technologies. He has also thrown into question the future of an $85-a-tonne subsidy for carbon-capture technology, which sucks carbon dioxide out of industrial chimneys.
If the freeze becomes permanent or subsidies are repealed, most of Carbon Clean's business will be vaporised. The company has $1.5 billion worth of US projects in development. 'If that
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26 minutes ago
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27 minutes ago
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