The U.S. is in a bizarre situation in 2026: It’s facing a looming energy shortage, yet the Trump administration is making deals to pay offshore wind developers nearly US$2 billion in taxpayer money to walk away from energy projects.
These politically motivated moves are costing Americans far more than just the buyouts.
Communities have been laying the groundwork for offshore energy projects for years. Offshore wind development brings jobs and economic development that reshape regional economies, with the scale of public and private investment reaching into the hundreds of billions of dollars over years. East Coast communities have built up ports to support the industry and launched job-training programs to prepare workers. Construction, maintenance and shipping businesses have sprung up, along with secondary businesses that support the industry.
Losing the projects, and the threat of losing other planned wind farms, will also likely mean higher energy prices. And while some offshore wind farms are moving ahead, developers must account for both lost momentum and increased uncertainty from the Trump administration.
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Source: fortune
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2 billion could feed hungry children whose food stamps have been cut “because the government can’t afford it.”