#invenergy — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #invenergy, aggregated by home.social.
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#Drumpf admin rewarding #energy contractors with massive #taxpayer payouts to drop #windmill projects.
#Drumpf admin vowed on Wednesday to pay $765 million to a power project developer #Invenergy to abandon planned #windmill projects off the coastal states of New York, #California and #Maine and convert resources to developing natural gas power plants in five landlocked Midwest states.
Seven U.S. states sued the admin this month over a similar $800 million payment to #TotalEnergies TTEF.PA to cancel an east coast offshore wind project. The state AG's suing the #ExecBranch allege payments are not proper #USA govt process and illegally misuse fund$ reserved for legal settlements when there was no actual #litigation.
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…While previous deals had committed companies to investing only in #FossilFuels like natural #gas, #Invenergy said it was also planning to invest in #geothermal #energy projects. Geothermal plants, which can run at all hours & emit few #GreenhouseGas #emissions [shhh, don’t tell #Trump], are one of the few #RenewableEnergy sources that have found favor with the Trump admin.
Trump admin officials indicated that more such agreements could be in the works.