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The government will then reimburse Invenergy $765 million, or somewhat less than what the company had paid for the leases under the #Biden admin.
In exchange, #Invenergy said it would put that money toward the development of at least 5 new natural #gas fired #PowerPlants in the #Midwest, as well as in geothermal projects in the Western #US.
#Trump #EnergyCrisis #FossilFuels #ClimateCrisis #ClimateChange #Republicans #GOP #TaxpayersMoney #wind #RenewableEnergy
Ok so it's "we'll pay you so we can deteriorate the environment and the planet more and faster"? Got it...
Well Fuck Them!
@Nonilex Thabk you for taking the time to toot all this out.
This is fkng bullshit, man.
Fascism’s been here. None of this considers #WeThePeople
@Nonilex quick name all the solar panels and windmills trump and paint them gold tell him they are ai that worship him. anything this is so horrendous
@Nonilex Absolutely brilliant. 🙄 While he pushes AI, crypto, etc., he kills off additional sources of energy that is crucial for said tech to operate.
If the Vermillion Voldemort could see past the end of his nose, he'd be really dangerous.
Under the agreement #Invenergy will voluntarily surrender 4 leases in federal waters for #WindFarms that would have been located in the New York Bight, off the Central Coast of California & in the Gulf of Maine. All of those projects were in the early stages of development & had little chance of moving forward under the #Trump admin, which has halted all federal permitting for offshore #wind.
#EnergyCrisis #FossilFuels #ClimateCrisis #ClimateChange #Republicans #GOP #TaxpayersMoney
The government will then reimburse Invenergy $765 million, or somewhat less than what the company had paid for the leases under the #Biden admin.
In exchange, #Invenergy said it would put that money toward the development of at least 5 new natural #gas fired #PowerPlants in the #Midwest, as well as in geothermal projects in the Western #US.
#Trump #EnergyCrisis #FossilFuels #ClimateCrisis #ClimateChange #Republicans #GOP #TaxpayersMoney #wind #RenewableEnergy
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.
@Nonilex it doesn't matter what the efficiency is to a point. Current regulations require all generators to have a spinning reserve so they are required to spill wind to meet sudden increases in demand. Otherwise you're just capturing energy that is there. If we could get to the point where we had massive distributed energy storage, the regulations could be rewritten for more sustainable energy. I personally don't think they are ugly but I do think smoggy skies are.
The agreements with companies to forfeit their offshore leases are a new strategy & represent a “highly unusual” [idiotic] use of #TaxpayersMoney. 7 Democratic-controlled states, including New York, have already sued the #Trump admin over the #Interior Dept’s deal with TotalEnergies.
#idiocracy #EnergyCrisis #FossilFuels #ClimateCrisis #ClimateChange #Republicans #GOP #wind #RenewableEnergy
…While previous deals had committed companies to investing only in #FossilFuels like natural #gas, #Invenergy said it was also planning to invest in #geothermal #energy projects. Geothermal plants, which can run at all hours & emit few #GreenhouseGas #emissions [shhh, don’t tell #Trump], are one of the few #RenewableEnergy sources that have found favor with the Trump admin.
Trump admin officials indicated that more such agreements could be in the works.
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