The Trump administration is canceling four offshore wind leases held by power developer
Under a settlement with the Interior Department, Invenergy will redirect that investment to natural gas as well as geothermal projects in the western US, the agency said Wednesday.
The settlement is part of a broader White House strategy that’s resulted in the erasure of billions of dollars in offshore wind leases. In some of these arrangements, energy developers committed to support fossil fuels — and promised not to ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.