US to pay TotalEnergies $1 billion to stop developing offshore wind in US
On Monday, the Trump administration announced its newest approach to its goal of blocking the development of offshore wind: pay companies to walk away from lease sites they had paid for under the Biden administration. The Department of the Interior, which arranges leases of coastal sites for the development of wind farms, would end up returning about $1 billion to France’s TotalEnergies, which has promised both to invest that money in US-based fossil fuel projects and to not do any further offshore wind development in the US.
Trump administration will pay a French company $1 billion in taxpayer funds to not build wind farms
The current administration has thrown up roadblocks at every turn for offshore wind projects; a type of energy that President Donald Trump has personally reviled for years. After trying and failing to block construction on more mature projects, this announcement is the first sign of a new strategy: The federal government is paying to stop wind farms before they begin.
Paying a billion dollars to make sure energy stays expensive. Fiscally conservative btw.
Using taxpayer money to make sure taxpayers pay more for energy. Genuinely impressive levels of corruption.
The war in the middle east is so that the price of oil rises and lines the cronies pockets. Alternative energy sources are contrary to that goal. All those Iranian school girls would've died for nothing!
The cause of all these oil industry booster moves by this administration is right here. Suppress green sector, boost oil. Paid for by big oil campaign contributions. https://www.politico.com/news/2024/05/09/trump-asks-oil-executives-campaign-finance-00157131
Remember this every time someone tells you consumers drive carbon emissions. Fossil Fuel Mafias been blocking renewables for 40 years, but hey drink from a paper straw because reasons.
Hate to reduce reliance on fossil fuels what with the military actions related to oil and climate changes.
Trump is 100% an oil, gas and coal puppet. More than 40 Trump administration picks tied directly to oil, gas and coal.
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