The Trump administration’s latest deal to cancel offshore wind projects and boost fossil fuel energy development instead is generating a huge payday for one of the president’s million-dollar donors.
Behind the windfall is a settlement stipulating that German energy giant RWE will receive $1.2 billion from a federal fund on the condition that it gives up its offshore wind leases in New York, California and Louisiana and invests in unspecified oil, gas or nuclear “conventional energy” projects.
