One proposal would lower the cost of the bonds that fossil fuel companies must pay the Interior Department before they start drilling or mining on public lands.
It’s the third such deal the Interior Department has struck to pay firms to abandon plans for offshore turbines, spending roughly $2.5 billion to get companies to abandon their wind projects.
It’s the third such deal the Interior Department has struck to pay firms to abandon plans for offshore turbines, spending roughly $2.5 billion to get companies to abandon their wind projects.
The Upper Colorado River on the Grand Canyon last month. About 40 million people and 5.5 million acres of cropland depend on the Colorado for drinking water and irrigation.
The freeze affects 41 wind projects in Texas, which produces more wind power than any other state in the U.S., as well as projects in Colorado, Illinois, Iowa, Kansas, New Mexico, Oregon and Washington.
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