politics @lemmy.worldEnglish · 2 months ago

US Gov’t Reaches Deals to Cancel Two More Offshore Wind Projects and Refund Lease Fees

www.offshorewind.biz

US Gov’t Reaches Deals to Cancel Two More Offshore Wind Projects and Refund Lease Fees

www.offshorewind.biz

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politics @lemmy.worldEnglish · 2 months ago

US Gov't Reaches Deals to Cancel Two More Offshore Wind Projects and Refund Lease Fees

www.offshorewind.biz

The US Department of the Interior (DOI) has reached agreements with Bluepoint Wind and Golden State Wind developers to voluntarily terminate their offshore wind leases in exchange for a total of USD 885 million (around EUR 756 million) that they paid in lease fees, which the US will return to the developers to invest in fossil energy projects.

The US Department of the Interior (DOI) has reached agreements with Bluepoint Wind and Golden State Wind developers to voluntarily terminate their offshore wind leases in exchange for a total of USD 885 million (around EUR 756 million) that they paid in lease fees, which the US will return to the developers to invest in fossil energy projects.

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It’s hard not to lose hope for the future of the planet when the powers that be are not only just not trying to help the climate, but are actively investing enormous sums of money to reverse helpful projects.

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