Trump’s latest salvo to upend offshore wind: Pay firms… | Canary Media
In its efforts to block U.S. offshore wind development, the Trump administration has halted project construction, rolled back tax credits, and spread misinformation. Now, in the latest maneuver, the administration is paying a global energy giant nearly $1 billion to walk away from its plans to install turbines off the east coast. On Monday, the Interior Department said it had struck a deal with France’s TotalEnergies, which agreed to forfeit its leases for offshore wind areas near North Carolina and New York. In exchange, the Trump administration will “reimburse” the company dollar for dollar for the lease fees — and that money will be plowed into new fossil fuel projects.
Insane. Let me make sure I’m following this logic:
- Hype up fossil fuels while shitting on renewables
- Start war, spiking the price of oil
- Pay a foreign oil company to not finish projects that’d bring more clean energy into the US grid
- Also pay the same foreign oil company to build natural gas export infrastructure that locals oppose and also doesn’t contribute to add energy into the US grid
- Laugh all the way to the bank while oil companies (and Trump) get richer and the environment, US energy grid, and US citizens suffer the costs?