Trump administration spends billions canceling offshore wind farms
🐿️ The Squirrel's Take
Taxpayers are footing a $4 billion bill to kill wind farms while fossil fuel companies pocket the cash.
💡 Why it matters
This spending halts renewable energy expansion and locks in fossil fuel dependence for decades.
The Trump administration has spent nearly $4 billion to convince developers to abandon 12 offshore wind leases, including a $1.22 billion deal with German firm RWE to halt projects and redirect funds to fossil fuels.
📡 Where we spotted it (3)
Hacker News
US strikes $1.2B deal to pay German firm to halt offshore wind projects
57d ago
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TechCrunch
Trump administration has spent nearly $4B to cancel offshore wind farms
57d ago
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The Guardian
Trump administration to pay German firm $1.22bn to cut offshore wind leases
57d ago
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