this post was submitted on 07 Aug 2026
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[โ€“] stopdropandprole@lemmy.world 23 points 2 days ago* (last edited 2 days ago)

just so people are aware, this is FIFTH TIME the administration has done this: Source

If this sounds at all familiar, it's not your imagination. In March, the Republican administration announced that it had agreed to pay a foreign company almost $1 billion in American taxpayer money to abandon two wind farm projects that would have produced enough electricity to power more than 1.3 million homes and businesses [...]

At the administration's insistence, the company will instead proceed with different energy projects that will cost more and pollute more. [thanks to] President Donald Trump, many American consumers will pay for the privilege of paying more to turn on the lights, all while polluting our own air.

Then in April, it happened again, when the Republican administration announced plans to pay energy companies almost $900 million to abandon plans for two offshore wind farms. Two months later, Team Trump spent $765 million to buy back another group of offshore wind leases.

In late June, a fourth example emerged, when the administration announced plans to pay Duke Energy $129 million to abandon an offshore wind project off the coast of North Carolina.

With a fifth instance this week, the combined price tag for the developments is approaching $4 billion.