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Trump Administration Will Pay $1.2 Billion To Cancel More Offshore Wind Projects, Calling It 'Common Sense'

The Trump administration will pay $1.2 billion to cancel offshore wind projects, with a company spokesperson stating there is no path forward to permit these projects in the U.S. for the foreseeable future. This decision comes as the administration moves to cancel the lease agreements for these projects.

Impact Score

7/10

Friday, August 7, 2026 at 12:10 PM EDT

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