Trump Administration Pays TotalEnergies $1 Billion to Halt US Offshore Wind Projects
The Trump administration has reportedly paid French firm TotalEnergies $1 billion to abandon its U.S. offshore wind leases, redirecting funds to domestic oil and gas projects, a move criticized by North Carolina's governor and aligning with the administration's pro-fossil fuel stance.
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Trump administration will pay a French company $1 billion in taxpayer funds to not build wind farms - CNN
Trump administration will pay a French company $1 billion in taxpayer funds to not build wind farms CNN
Read full article →US government to pay French energy company $1 billion to 'kill' a project?
The Trump administration is paying $1 billion to TotalEnergies to abandon U.S. offshore wind leases, redirecting funds to domestic oil and gas projects. This move, criticized by North Carolina's governor, aligns with the administration's pro-fossil fuel agenda, despite the company's continued offshore wind work elsewhere. The deal aims to protect taxpayers from what the Interior Department calls 'ideological subsidies'.
By TOI TECH DESK
Read full article →US gives French firm $1B to quit wind farms
President Donald Trump has long had a vendetta against wind power
By Peter Weber, The Week US
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