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RWE Pays $1.2B to Abandon Wind Projects | Burlington News
RWE just coughed up $1.2 billion to walk away from offshore wind projects off New York, California, and Louisiana — pushing the total lease buyback payouts to nearly $4 billion. While the Interior Secretary calls it smart energy policy that prioritizes affordability and reliability, critics like Senator Whitehouse slam it as a corporate handout that’ll saddle consumers with higher costs and reward fossil fuel donors. With RWE reinvesting billions into natural gas projects across the country, legal battles are already brewing — including potential lawsuits from states like California — making…
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