negativeSYS.SOURCE: TechCrunch• 2026-08-07T15:11:03Z

Trump Administration Allocates $4B to Abandon Offshore Wind Projects, Redirect Funds to Natural Gas

#climate #policy #natural gas

The Trump administration has allocated $4 billion to cancel offshore wind farm leases, redirecting funds toward natural gas infrastructure including turbines and LNG terminals. This shift undermines renewable energy development and exacerbates reliance on polluting energy sources.

The Trump administration has now convinced developers to abandon 12 offshore wind leases. The latest will cost taxpayers $1.2 billion.

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