WASHINGTON – President Donald Trump said he was not willing to sacrifice the abundant energy wealth of the United States on “dreams” such as renewable power.
“We’re the No. 1 energy producer in the world,” Trump said Monday. “I’m not going to lose that wealth. I’m not going to lose that wealth on dreams, on windmills, which, frankly are not working all that well.”
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Recently, a federal review of what is expected to be the first large-scale offshore wind farm in the United States, Vineyard Wind, was extended by the Interior Department. The additional environmental studies will examine the project’s impact on various stakeholders, as well as marine life. The delay has the potential to cause the Massachusetts wind-farm project to lose its eligibility for a federal tax credit, if it takes too long. The credit is set to expire at the end of the year.
Trump made his comments when asked about climate change at the end of a summit of Group of Seven leaders in Biarritz, France, and as fires devastating the Amazon rainforest draw renewed attention to the issue.
Trump did not personally attend a G-7 session on climate change Monday morning though White House officials were reported to be in the event. French President Emmanuel Macron urged journalists not to read too much into Trump’s absence, said to be the result of a scheduling conflict, according to reports.
Jennifer A. Dlouhy and Josh Wingrove are reporters for Bloomberg News.
