Trump administration to pay companies to walk away from US offshore wind leases

9 hours ago

The Trump administration is paying two energy companies, Bluepoint Wind and Golden State Wind, nearly $900 million to cancel their offshore wind leases and halt project development.
This follows a similar $1 billion payout to TotalEnergies in March, with the funds redirected to fossil fuel projects, amid legal challenges to the administration's efforts to block offshore wind.
Environmental groups and Democrats, including Senator Chuck Schumer, criticize the deals as harmful to the economy and environment, potentially raising electricity prices and undermining clean energy goals.

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