US pays TotalEnergies $1B to halt two offshore wind farms and redirect investment to fossil fuels
TL;DR Summary
The Interior Department announced a $1 billion settlement with TotalEnergies to stop development of two offshore wind farms off New York and North Carolina, directing the funds toward oil and gas projects amid national-security concerns.
Topics:business#climate-policy#donald-trump#energy-policy#note-only-five-allowed#oil-and-gas-industry#totalenergies#wind-power-generation
- Trump administration to pay $1 billion to stop two East Coast wind farms The Washington Post
- Trump admin dumps Biden-era wind projects for billion-dollar investment in US oil Fox Business
- France’s TotalEnergies Walks Away From U.S. Offshore Wind in Boost to Trump’s Push Against Windpower WSJ
- Trump Administration to Pay $1 Billion to Energy Giant to Cancel Wind Farms The New York Times
- Total Released From $1 Billion US Offshore Wind Leases Bloomberg.com
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