2 ms·
Just so that people are aware. From the article: German energy company RWE has said it will abandon its offshore wind projects in the US after reaching a $1.2b
by thraway3837 2mo ago
Just so that people are aware. From the article:
German energy company RWE has said it will abandon its offshore wind projects in the US after reaching a $1.2bn (£892m) payout deal with President Donald Trump's Department of the Interior (DoI).
RWE said that it will now reinvest the sum into conventional gas projects, including $900m (£669m) in a liquefied natural gas (LNG) export terminal project in Louisiana.
They are not paying Germany to prevent a German firm from building offshore wind projects on German shores. They are paying so that the German firm does not do it on US shores.
Terrible either way, but I think a lot of comments here are simply commenting after reading only the terrible title.