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Trump Keeps Spending US Tax Dollars to Kill Offshore Wind and Boost Oil and Gas
['Maya Yang', 'Sophie Hurwitz', 'Amy Qin', 'Flávio Pessoa', 'Katie Myers', 'Clare Fieseler', 'Alex Nguyen', 'Richard L. Revesz', 'Petra Stock', 'Marianne Szegedy-Maszak']
Mother Jones
The German energy company RWE has reached a $1.22 billion deal with the US government to relinquish its offshore wind leases and instead redirect funds towards fossil fuel investments.
This latest deal takes it to almost $4 billion of taxpayer money spent on killing offshore wind projects.
The RWE agreement appears to be the largest deal the Trump administration has struck with an energy company to kill clean energy projects.
As part of the agreement, RWE will spend $900 million to acquire a 16 percent stake in an unnamed Louisiana liquified natural gas (LNG) project.
The RWE agreement appears to be the largest deal the Trump administration has struck with an energy company to kill clean energy projects.