Trump Administration Spends Nearly $4B to Cancel Offshore Wind Farms

The Trump administration has spent nearly $4 billion to convince developers to abandon 12 offshore wind leases, with the latest payout of $1.2 billion going to German firm RWE to halt its US wind projects. This is part of a broader effort to cancel wind energy projects, a power source long criticized by Trump. The administration has been paying companies to terminate their leases, with the RWE deal being the most recent in a series of such agreements.