Trump Administration Reaches Fifth Deal to Cancel Green Energy Contracts

This is the fifth such deal in which the president and his team has paid big to cancel a green energy contract. The agreement is worth over $1.2 billion dollars. These funds are being drawn from the Department of the Interior which, in turn, is utilizing taxpayer dollars.

Wind turbine projects will be cancelled near New York, California and Louisiana. As part of the agreement, RWE has agreed to spend $900 million to acquire a 16 percent stake in a Louisiana liquified natural gas (LNG) project helmed by the Australian company Woodside Energy. That company has been known to be fans of President Trump's agenda, once saying that the "administration is supportive of our industry" and that it's very clear that the Trump administration understands the role that affordable energy plays in national prosperity. Incidentally, Woodside Energy's Chief Operating Officer Daniel Kalms has also lately been referring to the body of water that connects to Louisiana as the Gulf of America.