The Department of Energy announced $3.7 billion of funding for CO2 removal projects, along with a policy reversal allowing taxpayer dollars to fund carbon capture projects that produce fossil fuels by pumping even more oil out of the ground. The process, known as Enhanced Oil Recovery (or EOR), pumps CO2 into oil wells to force more oil to the surface. Senators Joe Manchin and Kyrsten Sinema pushed for the change, described by Bloomberg as a “win for Big Oil,” and came the same day as DOE Sec. Jennifer Granholm told oil executives the administration is “eager to work with you” and shared concerns about “moving too fast” in the transition away from fossil fuels. (EOR: Bloomberg $, E&E News, Reuters; DOE: Bloomberg $)