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PBS News Hour - Segments

Why the Trump administration is paying billions to abandon wind farms

PBS News Hour - Segments

PBS NewsHour

News, Daily News

4.11K Ratings

🗓️ 4 May 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Lawmakers from both parties are raising concerns about the Trump administration's spending decisions. In the latest example, the administration said it will pay nearly $1 billion to energy companies to abandon plans to build two wind farms off the U.S. coast. Liz Landers joins Amna Nawaz to discuss. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Transcript

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0:00.0

Meanwhile, I want to turn to another piece of critical reporting you've been doing, tracking

0:04.3

the money around the Trump administration.

0:07.0

New reporting that energy companies are set to get nearly a billion dollars to not build offshore

0:13.1

wind farms.

0:14.1

I know the president has been critical of these projects in the past, but why that payout?

0:18.3

Several large-scale wind energy projects on the east and west coast of the U.S.

0:23.2

have been canceled in the last few months.

0:26.0

In March, the administration announced a nearly $1 billion payout to Total Energy,

0:31.6

which is a French company, to abandon an offshore wind project.

0:35.4

They had bought two leases in 2022, one off the coast of North

0:39.0

Carolina. That was for more than $133 million, and then another off the coast of New York for $795 million.

0:47.0

And then last week, more than $900 million and additional payouts were made for two more

0:52.7

projects, Blue Point Wind off of the coast of New York and New Jersey, and Golden State Wind off of the coast of California.

0:59.5

So between the last few months, there have been nearly $2 billion in these payments.

1:05.2

The administration had initially tried to block some of these wind projects from going forward, citing national security concerns.

1:11.7

That was batted down in several different courts.

1:14.6

And the Interior Secretary Doug Bergam told the Associated Press that these projects were only viable

1:20.0

when they were propped up by taxpayer subsidies under the Biden administration.

1:24.8

We reached out to the Department of Interior to ask about this.

1:27.0

We did not hear back from them in time. Nearly $2 billion in payments, though. Does the administration have the

1:32.3

spending authority to do that? There are serious questions about the legality of this. I spoke with

1:36.7

Liz Klein earlier today. She was the former director under President Biden of the Bureau of

...

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