Shares of power producers rose as uncertainty about the U.S. shutdown and Federal Reserve policy hastened a rotation to the defensive sector.
The U.S. Energy Department is slashing nearly $24 billion of funding for climate projects, especially hydrogen-power and carbon capture endeavors, as the Trump administration seeks to undo Biden-era climate policies during the government shutdown.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 07, 2025 18:13 ET (22:13 GMT)
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