Offshore wind lease buybacks near $4 billion

RWE U.S. Offshore reached a $1.2 billion settlement with the Trump administration to abandon wind projects off New York, California, and Louisiana, bringing total lease buybacks to nearly $4 billion. The company will invest $900 million in a Louisiana LNG project and $300 million in natural gas turbines. Critics, including Sen. Sheldon Whitehouse, call the payments a 'scam' that raises consumer costs, while states like California plan to sue.