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RWE Accepts Trump Settlement, Abandons Humboldt Offshore Wind Lease

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RWE accepted a Trump Administration settlement that requires abandoning its offshore wind lease off Humboldt County, in exchange for $1.22 billion. RWE plans to use the funds to invest in fossil fuel projects. The administration has pursued similar East Coast settlements amid litigation, and California’s attorney general issued intent-to-sue notices for other West Coast deals.

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