America's Energy Emergency: A Crisis of Priorities The Trump administration declared an energy emergency in the United States, yet simultaneously paid nearly $4 billion to persuade energy companies to cancel planned power projects.
The numbers are staggering: five rounds of settlements in under six months, with most of the money going towards fossil fuel investments rather than generating electricity. The latest installment, a $1.
22 billion payment to German utility RWE to abandon three federal offshore wind leases off New York, California, and Louisiana, is particularly striking.