The Dark Hand of Politics in Offshore Wind: A Billion Dollar Gamble on Fossil Fuels The Trump administration's approach to offshore wind development has been marked by a peculiar trend: buying out developers to redirect them towards fossil fuels.
The latest deal, worth $1. 22 billion, sees RWE exit its New York, California, and Louisiana wind leases in favor of natural gas investments.
This is not an isolated incident; it marks the fifth such settlement since March, with a total payout exceeding $3 billion.