Trump administration has spent nearly $4B to cancel offshore wind farms

• 🏗️ The Trump administration has successfully persuaded developers to abandon a total of 12 offshore wind leases.
• 💰 This latest project cancellation comes with a significant financial impact, costing taxpayers an estimated $1.2 billion.
• 🌊 The move marks a major shift in federal energy policy, halting nearly a dozen renewable energy initiatives at sea.