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Can I also threaten to build an offshore wind project if they don't pay me $1.2 billion?
by inigyou 3mo ago
Can I also threaten to build an offshore wind project if they don't pay me $1.2 billion?
- londons_explore 3mo agoThese guys had already signed a deal to build - giving them permission and probably an agreed price - the money was to persuade them to give that up.
- Avicebron 3mo agoSo like a subsidy?
- rayiner 3mo agoNo, like a breakup fee in a commercial contract.
- Avicebron 3mo ago...the point being the hypocrisy of exercising that option in the name of removing subsidized power, not the literal financial mechanism.
- deleted 3mo ago[deleted]
- jaapz 3mo agoSo a subsidy to stop building, instead of a subsidy to start building
- rayiner 3mo agoNo, it's compensation for backing out of a deal. In contract law, once a deal is signed, you're entitled to the "benefit of the bargain" if you perform your end of the deal. A breakup fee allows one side to get out of the deal, while compensating the other side for sunk cost into the project, opportunity costs from not having pursued other deals, etc.
- cmrdporcupine 3mo agoI think you're missing the commenter's point.
- thrance 3mo agoMore like a bribe.
- jacknews 3mo agoTrump literally just paid money (taxpayer money) for nothing
- jazzyjackson 3mo agoI don’t understand what pot of money this is coming out of. Has Congress authorized taxpayer money be used for paying energy companies to halt projects?
- inigyou 3mo agoTrump is exempt from congressional authorisation
- mrguyorama 3mo agoRepublicans in congress have decided that Trump should not be stopped. Ever.
- deleted 3mo ago[deleted]
- b3lvedere 3mo agoOnly if you are willing to be harassed by Trump for as long as he and his sons live.