The Trump administration has spent nearly $4 billion to cancel 12 offshore wind leases, with the latest cancellation costing taxpayers $1.2 billion. This marks a significant shift in U.S. energy policy, prioritizing fossil fuels and deregulation over renewable energy expansion.
Background
The U.S. has been expanding offshore wind as part of its clean energy transition, but the Trump administration has reversed course, favoring traditional energy sources.
- Source
- TechCrunch
- Published
- Aug 7, 2026 at 11:11 PM
- Score
- 6.0 / 10