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.
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?