TotalEnergies Abandons US Offshore Wind Projects for Hydrocarbon Investments After Trump-Era Settlement
TotalEnergies has abandoned two offshore wind projects off the US East Coast, totaling 4 gigawatts, after reaching a settlement with the Trump administration that included a $928 million reimbursement, which the French company will reinvest in hydrocarbon projects.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Excellent (79/100)Sources
Trump administration to pay French company $1B to walk away from US offshore wind leases - AP News
Trump administration to pay French company $1B to walk away from US offshore wind leases AP News
Read full article →France’s TotalEnergies Walks Away From U.S. Offshore Wind - WSJ
France’s TotalEnergies Walks Away From U.S. Offshore Wind WSJ
Read full article →TotalEnergies bows to Trump administration, dropping two offshore wind projects in favor of oil and gas investments
The French company is ending two offshore wind turbine programs off the coasts of New York and North Carolina, totaling 4 gigawatts of power. It will receive a $928 million reimbursement on the condition that the funds are reinvested in hydrocarbon projects.
Read full article →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 →Trump Admin Strikes Deal With Energy Firm To Nix Offshore Wind Plans
Trump Admin Strikes Deal With Energy Firm To Nix Offshore Wind Plans Authored by John Haughey via The Epoch Times, A global energy corporation based in France has ceded leases off North Carolina and New York where it planned to spend nearly $1 billion to build offshore wind turbines back to the U.S. Department of Interior and will instead redirect that investment into natural gas projects in Texas. The “landmark agreement” was jointly announced by the department and TotalEner...
By Tyler Durden
Read full article →
