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Interior Department Pays $1B to Kill Wind Farm
The Department of the Interior has agreed to pay a French energy company $1 billion in taxpayer funds to abandon a planned offshore wind project — a move critics call an unprecedented subsidy for fossil fuel interests disguised as a settlement.
Key Takeaways
- Interior Department will pay French energy firm Engie $1 billion to surrender offshore wind leases
- Critics allege the payment benefits oil interests and constitutes a conflict of interest by the Interior Secretary
- Congressional investigations launched; settlement may face legal challenges from clean energy advocates
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DT Editorial AI··via electrek.co