this post was submitted on 07 Aug 2026
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[โ€“] Jiral@lemmy.world 3 points 2 days ago (1 children)

That's not what the article says.

[โ€“] RamRabbit@lemmy.world -2 points 2 days ago (1 children)

RWE said that it will now reinvest the sum into conventional gas projects, including $900m (ยฃ669m) in a liquefied natural gas (LNG) export terminal project in Louisiana.

[โ€“] Jiral@lemmy.world 7 points 2 days ago (1 children)

Yes, which is not what you said before. RWE is getting paid for nothing to then invest its own money in other projects. The difference is ownership. The difference matters.

[โ€“] RamRabbit@lemmy.world -1 points 2 days ago* (last edited 2 days ago) (2 children)

From what I can tell, RWE would have owned the wind projects before as well.

RWE said it has agreed to relinquish its leases off the California and Louisiana coasts as well as in the New York Bight.

They wouldn't need leases if the US was the owner and RWE was simply a contractor building stuff for them.

[โ€“] ywain@lemmy.zip 1 points 2 days ago* (last edited 2 days ago)

That's 1.2 billion - 900 million, and still a profit making venture. Paid by the US government to still make money. US capitalism.

[โ€“] Jiral@lemmy.world 1 points 2 days ago

Your interpretation doesn't sound like the only possible one. Do you have a source that is clearly stating these things?