Trump administration to pay companies to walk away from US offshore wind leases

Terr_

What is the not-illegal funding source for this money that was authorized by Congress? Are they trying to use "legal settlements" as a backdoor slush-fund for Presidential policy whims?

jaggs

Not presidential whims. The petro-dollar is essential for America's future. Renewables threaten that future.

ZeroGravitas

This skips the important context of "pay 2 more companies" from the headline. This is in addition to the previously announced deal with Total. The floating offshore stuff that one of these projects was doing was technically and engineeringly interesting, sad to see that one go in particular. I think there might be one other floating project in that area but clearly dark clouds over its future given the politics.