The Trump administration has paid three energy companies nearly £1.4B ($1.885B) in public funds to abandon offshore wind projects and redirect capital into oil, gas, and liquefied natural gas infrastructure, a strategy that emerged after federal courts blocked repeated executive attempts to stop wind development by other means.
The deals, structured as dollar-for-dollar reimbursements of the lease fees the companies originally paid to develop their offshore wind projects, are conditioned on each firm investing equivalent sums in fossil fuel projects on US soil.
