Australian oil and gas producer Woodside Energy has backed away from plans for hydrogen and concentrated solar projects in the United States, joining the fossil fuel industry’s reassessment of low-earning clean energy investments under Donald Trump.

The second Trump administration has made it crystal clear this week that decarbonisation has dropped down the list of priorities for the US, pausing further funding from the Inflation Reduction Act and the Infrastructure Investment and Jobs Act which provided subsidies for clean technologies such as hydrogen and electric vehicles.