Trump Bets on Fossil Fuels, Pays to Abandon Offshore Wind
TL;DR Summary
Interior will reimburse TotalEnergies up to $928 million to renounce two offshore wind leases (Attentive Energy in the New York Bight and Carolina Long Bay off North Carolina) and reinvest the funds in oil and gas, a move framed as steering away from renewables; meanwhile, the Coastal Virginia Offshore Wind project began delivering power to the grid, showing wind progress even as the administration pivots toward fossil fuels.
Topics:business#offshore-wind#oil-and-gas#politics#renewable-energy#totalenergies#trump-administration
- Trump Drops $1B to Kill 2 Wind Farms, Then Watches a Bigger One Go Online gizmodo.com
- Trump Officials in Talks With Wind Developers to Buy Back Leases Bloomberg.com
- Trump Administration to Pay $1 Billion to Energy Giant to Cancel Wind Farms The New York Times
- Interior and TotalEnergies Agree to End Offshore Wind Projects, Lowering Costs for American Families U.S. Department of the Interior (.gov)
- Trump's attacks on offshore wind could hurt infrastructure spending across the economy NPR
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