$900 million from a canceled wind deal will benefit a Trump donor
RWE will use most of a $1.2 billion federal payout to buy into a Louisiana LNG project tied to a Trump donor.
- German energy giant RWE will spend $900 million of a federal settlement payout to acquire a stake in a Louisiana LNG project, part of a $1.2 billion deal requiring the firm to abandon offshore wind leases.
- President Donald Trump's administration orchestrated settlement deals totaling nearly $4 billion to void offshore wind leases in New York, California, and Louisiana after failing to convince courts the projects interfered with military operations.
- Reporting revealed the LNG stake is being purchased from a fund run by Australian billionaire Michael Dorrell, who donated $926,300 and an additional $73,700 to the Trump Vance Inaugural Committee in late 2024.
- Rep. Jared Huffman, top Democrat on the House Natural Resources Committee, labeled the settlements a "ridiculous charade" and pledged to expand a probe, while the White House dismissed conflict-of-interest accusations.
- Analysts at Columbia University's Center on Global Energy Policy noted the deal enables Stonepeak to offload a risky investment, while lawmakers continue legal efforts to recover the $900 million for the Treasury.
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$900M For Canceled Wind Farm Goes To Trump Donor
The Washington Post reports: 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 a…
How wind projects got replaced by a $900 million payday to a Trump donor’s firm
The Trump administration’s latest deal to abandon an offshore wind project and redirect investment into fossil fuels stands to deliver a windfall to one of President Donald Trump’s major donors.
$900 million from a canceled wind deal will benefit a Trump donor
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.
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