German energy company RWE has said it will abandon its offshore wind projects in the US after reaching a $1.2bn (£892m) payout deal with Donald Trump's Department of the Interior (DOI).

RWE said that it will now reinvest the sum into conventional gas projects, including $900m (£669m) in a liquefied natural gas (LNG) export terminal project in Louisiana.

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[–] 9 points 2 months ago (1 child)

It's a good thing the US doesn't heavily subsidize fossil fuels

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