• RamRabbit@lemmy.world
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    10 hours ago

    The US was paying them to build wind power projects in the US, now the US is paying them to build gas power projects in the US.

    • stopdropandprole@lemmy.world
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      2 hours ago

      I commented elsewhere but it’s worth noting here too.

      this is FIFTH TIME the administration has done this and it’s cost almost 4 billion in total: Source

      If this sounds at all familiar, it’s not your imagination. In March, the Republican administration announced that it had agreed to pay a foreign company almost $1 billion in American taxpayer money to abandon two wind farm projects that would have produced enough electricity to power more than 1.3 million homes and businesses […]

      At the administration’s insistence, the company will instead proceed with different energy projects that will cost more and pollute more. [thanks to] President Donald Trump, many American consumers will pay for the privilege of paying more to turn on the lights, all while polluting our own air.

      Then in April, it happened again, when the Republican administration announced plans to pay energy companies almost $900 million to abandon plans for two offshore wind farms. Two months later, Team Trump spent $765 million to buy back another group of offshore wind leases.

      In late June, a fourth example emerged, when the administration announced plans to pay Duke Energy $129 million to abandon an offshore wind project off the coast of North Carolina.

      With a fifth instance this week, the combined price tag for the developments is approaching $4 billion.

    • stopdropandprole@lemmy.world
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      2 hours ago

      more expensive gas projects with far greater negative externalities (pollution, price volatility)

      it low-key feels like you’re trying to lessen the impact of the decision by pointing out a minor detail that the money isn’t technically “wasted”. if they take the money and invest it in terrible projects that accelerate global climate catastrophy and burden future generations, doing a well akshually about the money is kinda disingenuous. it’s not like he’s simply re-investing in US based energy, he’s misusing tax dollars that were planned in advance for the benefit of posterity, to enrich his circle of oligarchs deeply tied to fossil fuels.