They are being paid $1.2B to build gas power projects in the US. Whereas before they were being paid to build wind power in the US. They are not being paid to do nothing.
RWE said that it will now reinvest the sum into conventional gas projects, including $900m (£669m) in a liquefied natural gas (LNG) export terminal project in Louisiana.
Yes, which is not what you said before. RWE is getting paid for nothing to then invest its own money in other projects. The difference is ownership. The difference matters.
$1.2 Billion to make a project not happen sounds like a pretty costly subsidy.
They are being paid $1.2B to build gas power projects in the US. Whereas before they were being paid to build wind power in the US. They are not being paid to do nothing.
Thank god it’s not a costly subsidy though.
That’s not what the article says.
Yes, which is not what you said before. RWE is getting paid for nothing to then invest its own money in other projects. The difference is ownership. The difference matters.
From what I can tell, RWE would have owned the wind projects before as well.
They wouldn’t need to relinquish leases if the US was the owner and RWE was simply a contractor building stuff for them.
That’s 1.2 billion - 900 million, and still a profit making venture. Paid by the US government to still make money. US capitalism.
Your interpretation doesn’t sound like the only possible one. Do you have a source that is clearly stating these things?
Are you sure? Because wording isn’t clear, but pay out sounds like a … pay out, not ‘please, build something else’. 🤷