Trump administration to pay German firm to halt US wind projects
www.bbc.com
The RWE payout is the latest in a string of deals cancelling wind energy projects, a power source long derided by Trump.
    • stopdropandprole@lemmy.worldEnglish
      31·
      27 days ago

      just so people are aware, this is FIFTH TIME the administration has done this: Source

      If this sounds at all familiar, it’s not your imagination. In March, the Republican administration announced that it had agreed to pay a foreign company almost $1 billion in American taxpayer money to abandon two wind farm projects that would have produced enough electricity to power more than 1.3 million homes and businesses […]

      At the administration’s insistence, the company will instead proceed with different energy projects that will cost more and pollute more. [thanks to] President Donald Trump, many American consumers will pay for the privilege of paying more to turn on the lights, all while polluting our own air.

      Then in April, it happened again, when the Republican administration announced plans to pay energy companies almost $900 million to abandon plans for two offshore wind farms. Two months later, Team Trump spent $765 million to buy back another group of offshore wind leases.

      In late June, a fourth example emerged, when the administration announced plans to pay Duke Energy $129 million to abandon an offshore wind project off the coast of North Carolina.

      With a fifth instance this week, the combined price tag for the developments is approaching $4 billion.

    • CosmoNova@lemmy.worldEnglish
      51·
      27 days ago

      Both countries have governments run by very stupid, selfish manbabies and their cronies.

    • mecen@lemmy.caEnglish
      1·
      26 days ago

      I wonder if that company earned more from being banned from making wind turbines or would be from selling electricity

      • buddascrayon@lemmy.worldEnglish
        3·
        26 days ago

        “After careful consideration, it was determined there is no path forward to permit these projects in the US for the foreseeable future,” the company said in a statement.

        From the article it looks like this wasn’t just a carrot being dangled but also a stick being threatened. My guess is that they foresaw the path to completion would be too fraught under the United States government as it is and they don’t see any point in fighting an unwinnable war when they can just get paid anyhow.

        The long and short of it is that Germany and Europe as well as the rest of the world at this point sees no point in investing in America’s future because we have none.

        • mecen@lemmy.caEnglish
          1·
          23 days ago

          Well yes but they earned money from anti windmill administration and I wondered how long would this farm would need to work to earn it back