German energy company RWE has said it will abandon its offshore wind projects in the US after reaching a $1.2bn (£892m) payout deal with Donald Trump’s Department of the Interior (DOI).
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.
The US have more gas/oil resources than most other countries and especially China. It’s more financially efficient to use fossil fuels and the US economy is built around them. If there is a plan it seems to be putting the squeeze on global oil trade (Iran, Venezuela, Greenland), and then holding all the cards so that their economy prevails. The worst thing that could happen to them is the rest of the world being able to thrive without fossil fuels.
I think they lose anyway though. It’s inevitable.
But renewables are already cheaper than fossil fuels and the rest of the world IS going to move on, we can’t stop them, he is limiting our ability to produce energy at the same time the economy is being propped up by new data centers
He’s (when I say he, obviously he’s not really in charge) creating an environment such that the world (especially Europe) can’t move on, by squeezing their need for fossil fuels in the short term and delaying their ability to invest in their own infrastructure. Furthermore, the USA is one of the best-placed countries (especially Vs china and europe) in a warming climate due to the size of their natural resources of water. Russia is a silent winner in all of this due to their own natural resources.
If you look at the actions of the USA since trump took office, and ignore the figureheads on the television, the USA is doing the best it can to accelerate global warming and protect it’s own economy at all costs.
Yes but his golf buddies own fossil fuel companies, not renewables.
Ask a climatologist why!