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Trump Administration Pays $4B to Cancel 12 Offshore Wind Leases

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The Trump administration has persuaded developers to walk away from 12 offshore wind leases, at a cumulative cost approaching $4 billion to taxpayers. The most recent cancellation alone carries a price tag of $1.2 billion. The administration has made rolling back offshore wind development a policy priority since taking office. These buyouts represent a significant financial commitment of public funds to halt renewable energy projects that were already in progress.

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Trump Administration Pays $4B to Cancel 12 Offshore Wind Leases · ShortSingh