Coal gets a boost, wind pays the price: Trump admin reroutes billions to fossil fuels

1 min read
Source: The Guardian
Coal gets a boost, wind pays the price: Trump admin reroutes billions to fossil fuels
Photo: The Guardian
TL;DR Summary

The Trump administration has diverted roughly $2.7 billion to pay developers to relinquish offshore wind leases and redirect funds toward coal, with the DOE also advancing hundreds of millions to extend coal plants and boost coal infrastructure; critics argue the moves raise electricity bills for consumers and benefit fossil-fuel donors, while White House officials say funds are being repurposed to provide affordable, reliable energy and that renewables are not being unjustly subsidized; independent analyses, however, often show renewables can be cheaper than coal.

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