Trump administration pays over $900 million to abandon two offshore wind projects
Updated
Updated · PBS NewsHour · May 4
Trump administration pays over $900 million to abandon two offshore wind projects
13 articles · Updated · PBS NewsHour · May 4
The latest payouts covered Bluepoint Wind off New York and New Jersey and Golden State Wind off California, bringing total recent payments to nearly $2 billion.
Officials said the projects raised national security concerns and depended on Biden-era subsidies, after courts rejected earlier attempts to block some developments.
Former Bureau of Ocean Energy Management director Elizabeth Klein and lawmakers from both parties questioned the legality, transparency and spending authority behind the lease refunds.
Beyond the $2 billion price tag, what is the long-term economic fallout of abandoning America's offshore wind goals?
What does swapping offshore wind for fossil fuel investments mean for America's long-term energy independence and security?