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RWE Pays Billions to Exit Wind Projects | Durham News
RWE just paid $1.2 billion to exit offshore wind projects off New York, California, and Louisiana—adding to nearly $4 billion already spent on similar buyouts. The company’s redirecting those funds into fossil fuel projects: $900 million for a Louisiana LNG plant, $300 million for natural gas turbines, and 15 more U.S. gas initiatives. Facing blocked executive orders, the administration pivoted to this “common sense” energy strategy, touting reliability and affordability. But critics—including Senator Sheldon Whitehouse—call it a scam, accusing the government of bribing companies to abandon…
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