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Trump administration to pay companies to walk away from US offshore wind leases
- Terr_ 6mo agoWhat is the not-illegal funding source for this money that was authorized by Congress? Are they trying to use "legal settlements" as a backdoor slush-fund for Presidential policy whims?
- jfengel 6mo agoIt's structured as a refund of lease payments that these companies have already made, so they can claim it's more like canceling a project than actually paying them off. I'm sure a case could be made that this is not legal, but you can just toss that on top of the giant pile of illegal actions.
- jaggs 6mo agoNot presidential whims. The petro-dollar is essential for America's future. Renewables threaten that future.
- apothegm 6mo agoThe war in Iran and just generally undermining the economy at home have done thousands of times more damage to the petrodollar than domestic wind production ever could. The only logical explanation here is cronyism. Or bribes.
- ZeroGravitas 6mo agoThis skips the important context of "pay 2 more companies" from the headline. This is in addition to the previously announced deal with Total. The floating offshore stuff that one of these projects was doing was technically and engineeringly interesting, sad to see that one go in particular. I think there might be one other floating project in that area but clearly dark clouds over its future given the politics.