RWE Walks Away From Wind for Gas | Anchorage News

RWE’s $1.2 billion exit from offshore wind projects off New York, California, and Louisiana signals a major pivot toward fossil fuels—redirecting funds into LNG and natural gas turbines across the U.S., part of a broader $3.9 billion trend where clean energy leases are being bought back to fund fossil fuel investments. While Interior Secretary Doug Burgum touts it as smart, affordable energy, critics like Senator Sheldon Whitehouse call it a scam that inflates costs for consumers and rewards fossil fuel donors. States like California are preparing legal action, as this strategy continues to reshape America’s energy future.

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