Trump Administration Pays $2.5 Billion to Block Offshore Wind Energy Projects
By
Paul Krugman
Summary
The article discusses the Trump administration's actions to block renewable energy projects, specifically offshore wind farms, by paying developers not to proceed. It highlights that the Interior Department paid Invenergy $765 million to not develop three offshore wind farms, bringing total taxpayer spending to $2.5 billion for killing renewable energy projects. The administration has also attempted to stop ongoing offshore wind developments, with some moves blocked by courts, while the Pentagon has been refusing to grant necessary permits.
Source
bskyTrump Administration Pays $2.5 Billion to Block Offshore Wind Energy Projectspaulkrugman.substack.comKey quotes
· 3 pulledOn Wednesday the Interior Department announced that it would pay the energy developer Invenergy $765 million not to develop three offshore wind farms.
Trump has so far committed $2.5 billion in taxpayer dollars to killing renewable energy projects.
The administration has also tried to stop offshore wind farms already under development — moves that have been blocked by the courts — while the Pentagon has been refusing to grant
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