Wind deal payout funds Trump donor’s LNG project, prompting ethics questions

1 min read
Source: Yahoo
Wind deal payout funds Trump donor’s LNG project, prompting ethics questions
Photo: Yahoo
TL;DR Summary

Under a settlement that cancels offshore wind leases, German energy group RWE will receive about $1.2 billion in a fund, with roughly $900 million funneled into buying a stake in Woodside Energy’s Louisiana LNG project. The stake is being purchased from a private equity fund run by Michael Dorrell, a Trump donor and associate of Stonepeak, prompting lawmakers to scrutinize potential conflicts of interest even as White House officials say the deal was a corporate decision and not coordinated by the administration.

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