The agreement is similar to deals that the #Trump admin has struck since March with other companies, including French energy giant TotalEnergies, to abandon #WindFarms off California, New Jersey, New York & North Carolina in exchange for investing in #FossilFuel projects.
The announcement means the government has so far spent roughly $2.5 billion of #TaxpayersMoney to get companies to terminate offshore #wind leases.
#EnergyCrisis #FossilFuels #ClimateCrisis #ClimateChange #RenewableEnergy
#Wind #power generates far fewer #planet-warming #emissions than using #FossilFuels. But #Trump has criticized the technology as ugly, falsely claimed it is inefficient & has sought to block new #wind turbines. Last year, the #Interior Dept ordered work to stop on 5 #WindFarms already under construction off the East Coast, but federal #judges struck down all of those moves. The #Pentagon has also sought to halt approvals of wind farms on land.