US EditionDemocrats investigate as Trump OKs almost $2 billion in taxpayer money to end offshore wind projects
The payments would steer companies away from projects that could power millions of homes and create thousands of union jobs, lawmakers said.
- On Monday, the Trump administration announced deals paying nearly $900 million to Bluepoint Wind and Golden State Wind to abandon offshore leases, bringing total federal reimbursements to nearly $2 billion.
- President Donald Trump ordered a halt to offshore wind leasing and permitting in January 2025; the Republican administration adopted this reimbursement strategy after federal courts thwarted earlier efforts to block projects entirely.
- Under these agreements, companies like TotalEnergies must reinvest their payouts into fossil fuel projects; CEO Patrick Pouyann stated the company renounced development, 'considering that the development of offshore wind projects is not in the country's interest.'
- Democrats Jared Huffman and Jamie Raskin launched an investigation Wednesday, demanding documents from TotalEnergies and warning the administration will 'light a lot of federal taxpayer money on fire if we let them.'
- David Carroll, CEO of Engie North America, believes U.S. offshore wind will not advance for years due to permit cancellations, threatening thousands of union jobs and capacity that would have powered 118 million households.
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24 Articles
Gavin Newsom Accuses the Trump Administration of Paying Offshore Wind Developers Nearly $900 Million To Walk Away From Projects
California Gov. Gavin Newsom accused the Trump administration of using taxpayer money to kill clean energy projects after federal officials reached a deal to reimburse two offshore wind developers nearly $900 million if they abandon U.S. leases and redirect money toward fossil fuel infrastructure.
Associated Press News
Democrats investigate as Trump OKs almost $2 billion in taxpayer money to end offshore wind projects
The Trump administration is spending nearly $2 billion to get energy companies to walk away from U.S. offshore wind projects.
18:06 After oil giant TotalEnergies, power producer Engie has now also reached a deal with the US government not to build planned offshore wind farms. Engie and its partners will receive compensation and...
Democrats investigate as Trump OKs almost $2 billion in taxpayer money to end offshore wind projects - What's Up Newp
The Trump administration is spending nearly $2 billion to get energy companies to walk away from U.S. offshore wind projects. Democrats in Congress are investigating. The Republican administration adopted this strategy after federal courts thwarted President Donald Trump’s efforts to stop offshore wind development through executive action. Three agreements have been announced. U.S. Reps. Jared Huffman of California, the […] The post Democrats in…
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