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 not to develop three offshore wind farms, bringing the total taxpayer money committed to killing renewable projects to $2.5 billion. The administration has also attempted to stop wind farms already under development, though some moves have been blocked by courts. The title is presented as ironic/sarcastic given Trump's actual anti-renewable energy stance.
Source
bskyTrump Administration Pays $2.5 Billion to Block Offshore Wind Energy Projectssubstack.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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