RWE just walked away from $1.2 billion worth of offshore wind leases off New York, California, and Louisiana—shifting that cash into natural gas projects instead, including a major LNG plant in Louisiana and 15 more fossil fuel initiatives nationwide. The move, backed by the administration as a pragmatic energy strategy, is sparking outrage: Senator Whitehouse calls it a scam that funnels taxpayer money to fossil fuel donors, while states like California prepare legal action. This isn’t an isolated case—similar buybacks have already handed billions to companies like TotalEnergies and Invenergy, all under the guise of “reinvesting” in fossil fuels.
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