New York, California sue to block cancellation of wind projects

WASHINGTON (AP) - Democratic attorneys general from California and New York sued the Trump administration Tuesday over its intends to purchase back offshore wind leases as President Donald Trump seeks to discourage the expansion of wind energy in favor of…

FinanceNews Info Wire2 min read
New York, California sue to block cancellation of wind projects

WASHINGTON (AP) – Democratic attorneys general from California and New York sued the Trump administration Tuesday over its intends to purchase back offshore wind leases as President Donald Trump seeks to discourage the expansion of wind energy in favor of fossil fuels.

Key points

  • New York Attorney General Letitia James, meanwhile, led seven states in suits seeking to block the Invenergy accord and another proposal with Bluepoint Wind.
  • California Attorney General Rob Bonta remarked he is suing over removal of a project off his state's coast planned by Chicago-based Invenergy.
  • The deals would hand energy firms $1.4 billion in taxpayer dollars in exchange for the cancellation of multiple projects.

What happened

California Attorney General Rob Bonta remarked he is suing over removal of a project off his state's coast planned by Chicago-based Invenergy. The Trump administration remarked in June that it's buying back the company's U.S. Offshore wind leases for four wind projects on the East and West coasts.

New York Attorney General Letitia James, meanwhile, led seven states in suits seeking to block the Invenergy accord and another proposal with Bluepoint Wind. It agreed in April to end a wind farm under development off the New York and New Jersey coast.

Notably, the deals would hand energy firms $1.4 billion in taxpayer dollars in exchange for the cancellation of multiple projects. Ln all, the Trump administration has pledged almost $4 billion to firms to walk away from projects nationwide.

The bottom line

For now, new York, California sue to block cancellation of wind projects remains the part of the story worth watching, and further updates are likely as more details are confirmed.

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