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.
This is same deal that was announced 3-6 months ago? Company is getting free money to break lease, in exchange for investing 75% of it with likelihood of making good ROI from that money. US would have more energy if project stayed. I’m sure some climate terrorist interests will find money for LNG under the couch cushions.