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Trump Administration Will Pay $1.2 Billion To Cancel More Offshore Wind Projects, Calling It 'Common Sense'
['Jeff Luse', 'Charles Oliver', 'Hunt Beaty', 'Elizabeth Nolan Brown', 'Peter Bagge', 'C. Jarrett Dieterle']
Reason.com
In a statement, Interior Secretary Doug Burgum said: "Americans deserve an energy system built on common sense, not one dependent on costly subsidies or technologies that can't meet our country's current demand."
However, a reading between the lines indicates that RWE's decision was based less on creating "an energy system built on common sense" and more on survival.
"This resolution best serves the interests of [RWE's] stakeholders and allows [RWE] to direct resources toward energy projects that can be advanced with certainty."
On Day 1, Trump issued a directive ordering a "temporary withdrawal" of all leasing and permitting of the energy source in federal waters.
In March, the administration revived its attack on the energy source with a new strategy: paying developers to cancel development.