Thursday, June 18, 2026
PMT: Paying big bucks for bad policy
I read this alarming news in the NY Times:
-- A developer, Invenergy, had plans to build 4 big wind power projects in federal waters under lease agreements;
-- The Trump administration, which is hostile to renewable energy, wanted to make sure they would not be built;
-- The federal government is now paying Invenergy over $750,000,000 to give up those leases;
-- And this is just one of several such deals-- that include the companies investing in fossil fuel plants instead-- that the government has executed, with a total pay-out of about $2.5 billion.
