U.S. organizations call on RWE to stand firm against the Trump administration and keep offshore wind leases

WASHINGTON — Today, over 50 organizations from the United States sent a letter to German-based utility RWE calling on CEO Mark Krebber to hold fast to RWE’s offshore wind leases and resist the Trump Administration’s fossil-fueled bullying. The company is reportedly in negotiations with the Trump Administration to surrender over $1 billion in offshore wind leases. 

In the past two months, the Trump administration has entered into unprecedented deals with  TotalEnergies and other energy giants to abandon their offshore wind leases. Under these deals, the federal government will pay a total of nearly $2 billion for the companies to drop sustainable wind projects and instead invest in U.S. fossil fuel projects.

“Ignoring that offshore wind is cheaper and more reliable than LNG poses a very real financial risk for your company and shareholders,” the letter warns. “We urge RWE not to cut deals with a regime that has no respect for either legal norms or climate reality. The Trump administration will not last forever. Submitting to its fossil fuel whims sets a dangerous precedent and exposes RWE to serious reputational risk.” 

Media contact: Lindsay Tice, [email protected]