This is so incredibly stupid
America has become a torture chamber for smart people. Ooh the pain!
I think it’s just the USA, the other 29 countries in America aren’t that bad
Good thing there are so few of those left there
just so people are aware, this is FIFTH TIME the administration has done this: 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.
Both countries have governments run by very stupid, selfish manbabies and their cronies.
Which “both countries”? This is about the US.
Hope that helps
They’re paying the company to break the contract, not the country
I know. Im not OP. Just showed which two countries he meant.
what kind of county is a firm?
Whatever kind of country is a firm is also a person! Seems counterintuitive but the law is the law!
I wonder if that company earned more from being banned from making wind turbines or would be from selling electricity
“After careful consideration, it was determined there is no path forward to permit these projects in the US for the foreseeable future,” the company said in a statement.
From the article it looks like this wasn’t just a carrot being dangled but also a stick being threatened. My guess is that they foresaw the path to completion would be too fraught under the United States government as it is and they don’t see any point in fighting an unwinnable war when they can just get paid anyhow.
The long and short of it is that Germany and Europe as well as the rest of the world at this point sees no point in investing in America’s future because we have none.
That company will just build elsewhere instead.
Well yes but they earned money from anti windmill administration and I wondered how long would this farm would need to work to earn it back
Interior Secretary Doug Burgum said in a statement posted on X that Americans deserve an energy system built on common sense and not one dependent on “costly subsidies”.
Thank god we’re not paying costly subsidies
$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.
Are you sure? Because wording isn’t clear, but pay out sounds like a … pay out, not ‘please, build something else’. 🤷
That’s not what the article says.
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.
From what I can tell, RWE would have owned the wind projects before as well.
RWE said it has agreed to relinquish its leases off the California and Louisiana coasts as well as in the New York Bight.
They wouldn’t need to relinquish leases if the US was the owner and RWE was simply a contractor building stuff for them.
Your interpretation doesn’t sound like the only possible one. Do you have a source that is clearly stating these things?
That’s 1.2 billion - 900 million, and still a profit making venture. Paid by the US government to still make money. US capitalism.
No they aren’t. They are investing in gas power projects, but the US government is not paying them the money to do that. The money is solely for breach of contract regarding the wind power project.
Levels of dumb never thought possible.
The US could switch off their nuclear powerplants to accelerate the transition to hydrocarbons.
Let’s not give the idiots more ideas. haha.
They already know. Merkel saved their oil industry by making electricity for cars expensive.
Yeah but what if Germany were to be hit by a 9.1 earthquake followed by a huge tsunami and have the disaster cause the need for emergency generators that were flooded by the tsunami? We can’t have that risk! Shutting down all nuclear reactors was the only option.
Won’t make a dent either way. The entire climate situation basically depends on the death of capitalism, egotystical billionares taking fault(LMAO) and overhauling our entire way of life at this point.
Normally, I am very pro nuclear. The Trump Regime has proven itself to be utterly shit at wielding every form of power known to mankind, be it soft, wind, or kinetic. 😒
The day’s not over yet!
Can I get paid a billion dollars to do nothing?
They’d already spent that billion on preparations. If they hadn’t received their money back the shit would have hit the fan.
Only if you reinvest the sum into conventional gas projects, including $900m (£669m) in a liquefied natural gas (LNG) export terminal project in Louisiana.
This is incredibly stupid. While China and the rest of the world are leading the charge in renewable energy, the U.S. is set to remain in the Stone Age due to pure hubris and short-term profit gains.
Paying 1.2 billion to get rid of that technology is just ideologically short-sighted. It’s simply stupid.
Exactly, European energy generation during an extreme summer has shown that renewables are the most reliable, until systems are in place for storage. The world can’t rely on fossil fuels or even nuclear at the moment due to climate change.
Interior Secretary Doug Burgum said in a statement posted on X that Americans deserve an energy system built on common sense and not one dependent on “costly subsidies”.
I actually want to vomit from how stupid as fuck that whole country is to not have done anything to these people.
Hey America, I am going to build an offshore wind park. Please pay me to stop.
I want you to shoot yourself in the foot. How much?
art of the deal…
A Shame
1.2 billion of free money to not do work. Wow the trump administration sure knows how to waist money.
What a spectacularly stupid waste of money!
If I was president I would order every new wind turbine be planted out side every trump golf course in the United states. 6 per golf course and tackey hotel
dj is serving the oil companies, not the people
They are getting paid $1.2B to build other power projects in the US. Not to simply do nothing.
That is a false statement. The US government paid them money for breaching the contract for the wind power project. The company is then investing some of that money in other projects in the US (which seems like a stupid decision, considering the unreliability of the country, but that is capitalism for you).
