Trump administration blocks US wind energy projects in switch to oil and gas
Summary
The Trump administration stopped two approved wind energy projects and agreed to pay millions of dollars to the companies involved if the money is reinvested in oil and gas projects. Officials said this move supports U.S. energy security and lowers costs by focusing on traditional energy sources instead of wind power.Key Facts
- Two U.S. wind energy projects were blocked by the Trump administration this week.
- Companies will be refunded millions of dollars if they invest the money in oil and gas projects.
- The Department of the Interior says this strategy promotes energy security and affordable power.
- A $1 billion deal was made last month to cancel another permitted wind project owned by a French company.
- Some offshore wind projects were allowed to continue after a federal judge ruled against the Trump administration.
- One U.S. investment fund will put up to $765 million into liquefied natural gas facilities.
- Interior Secretary Doug Burgum said the move also addresses national security concerns, but did not provide details.
- President Trump expressed negative views of wind energy, calling it expensive, unreliable, and "worthless."
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