California Probes 120 Million Dollar Wind Lease Deal
California is probing a 120 million dollar federal deal to cancel a coastal wind project. Officials issued a subpoena to determine if the payout violated laws.
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California energy officials opened an investigation on Monday into a $120 million federal payout used to cancel a major offshore wind project. The deal between the United States government and Golden State Wind LLC replaces renewable energy development with fossil fuel investments. For investors, the probe signals heightened regulatory risk for energy projects caught in shifting federal climate policies.
