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 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.
The question is what gas companies does he own?
He’s using government money to shut down the competition
Is he actually sabotaging us on purpose at this point?
Since day one.
I want you to shoot yourself in the foot. How much?
More like: how much can I pay you to shoot myself in the foot?
This is same deal that was announced 3-6 months ago? Company is getting free money to break lease, in exchange for investing 75% of it with likelihood of making good ROI from that money. US would have more energy if project stayed. I’m sure some climate terrorist interests will find money for LNG under the couch cushions.
Using our taxpayer dollars to screw us over harder each day…
Infuriating: https://xcancel.com/SecretaryBurgum/status/2085409733989589124
Americans deserve an energy system built on common sense, not one dependent on costly subsidies
Costly subsides like giving them $1.2bn to cancel a project that will generate free energy?
Exactly! We paid them 1.2bn and they built nothing!
Wind power is great bit it’s not exactly free energy.
No energy source is free. What’s your point?
It’s a good thing the US doesn’t heavily subsidize fossil fuels
The ART OF THE DEAL, ladies and gentlemen.
Trump to be refunded this personally by the Oil companies
I hope RWE will spend the money on renewable systems in Europe then.
As I read it, part of the deal was that RWE is investing that money into natural gas in the US.