Industry
Nearly $4 Billion in Settlements Pays Companies to Cancel US Power Projects
The Trump administration has committed nearly $4 billion in public funds to pay energy companies to cancel planned power projects, mostly offshore wind, despite declaring a national energy emergency. The settlements often require investment in fossil fuel infrastructure, reducing planned electricity supply and increasing fossil fuel dependence. The cancelled projects represent several gigawatts of potential generation, even as US electricity demand rises rapidly.
Aug 88 minNeura News