totalenergies

Trump Pays TotalEnergies $1B to Break Wind

TotalEnergies will exit U.S. offshore wind, relinquishing two federal leases and redirecting capital to natural gas and power projects, after reaching a settlement with the U.S. Department of the Interior that includes roughly US$1 billion in reimbursed lease fees. The company said it will return the Carolina Long Bay and New York Bight leases, both awarded in 2022, ending its offshore wind development efforts in the U.S. Under the agreement, TotalEnergies will ... [+]