Trump Is Now Bribing Energy Companies With Your Taxpayer Dollars
The Trump administration has agreed to pay TotalEnergies nearly $1 billion to abandon its offshore wind project on the East Coast. The company will instead invest in oil and gas development in Texas, a move that has raised concerns about the impact on climate change and energy supplies.
The Trump administration has announced a deal to pay TotalEnergies $1 billion to abandon its offshore wind project. The company will invest in oil and gas development in Texas instead. The deal comes after the administration lost several court cases over its attempts to halt offshore wind projects. TotalEnergies cited the high cost of building offshore wind as a reason for taking the deal. The administration claims the deal is motivated by national security concerns, including the potential for wind turbines to be targeted by drone strikes. The move is expected to benefit Texas, with TotalEnergies redirecting funds to projects such as the Rio Grande LNG in Brownsville.
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