Trump administration is paying more companies to abandon offshore wind projects
The Trump Administration has brokered deals with Bluepoint Wind and Golden State Wind, paying them $885 million combined to abandon their offshore wind leases and invest in oil and gas projects instead. These agreements, which also involve Global Infrastructure Partners and Ocean Winds, signal a rejection of clean energy in favor of fossil fuels, despite ongoing challenges to claims about climate change and renewable energy costs.
- Entities
- Company: Trump administration
- Topic: Clean Energy
- Topic: Offshore Wind Projects
- Topic: Fossil Fuels
- Company: Ocean Winds
- Company: Global Infrastructure Partners
- Company: Bluepoint Wind
- Company: Golden State Wind
- Company: TotalEnergies
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