TotalEnergies Finalizes US Offshore Wind Exit, Shifts to Fossil Fuels
TotalEnergies has finalized a nearly $1 billion agreement with the US government to withdraw from its US offshore wind farm projects, with the French company redirecting funds towards oil and gas production amidst a global fuel crisis, as confirmed by the Department of Interior.
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CERAWEEK US, TotalEnergies to shift $1 billion from wind to oil and gas - Reuters
CERAWEEK US, TotalEnergies to shift $1 billion from wind to oil and gas Reuters
Read full article →Trump Administration to Pay $1 Billion to Energy Giant to Cancel Wind Farms
In exchange, the French company TotalEnergies would invest in oil and natural gas projects in Texas and elsewhere.
By Maxine Joselow and Brad Plumer
Read full article →Total Released From $1 Billion US Offshore Wind Leases - Bloomberg.com
Total Released From $1 Billion US Offshore Wind Leases Bloomberg.com
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 →US to pay Total $1bn to switch from wind to oil and gas development
Deal comes as Donald Trump faces pressure to limit energy price increases triggered by Iran war
Read full article →US and TotalEnergies reach 'nearly $1 billion' deal to end offshore wind projects
The US and the French company signed an agreement to end TotalEnergies' offshore US wind farm projects and redirect those funds towards fossil fuel production.
Read full article →US to pay almost $1bn to French energy company to kill wind project plan
Trump administration announces deal with TotalEnergies to redirect investment in wind to oil and gas instead As a fuel crisis triggered by the war in Iran drives up global fossil fuel prices, the Trump administration has announced it will pay French energy major TotalEnergies $1bn to kill plans to construct wind farms off the US east coast. The deal is the latest blow to the US offshore wind industry, which has faced repeated disruptions to multi-billion-dollar projects under Donald Trump. C...
By Dharna Noor and agencies
Read full article →Trump administration to pay French company $1B to drop U.S. offshore wind leases
TotalEnergies has agreed to what's essentially a refund of its leases for projects off the coasts of North Carolina and New York, and will invest the money in fossil fuel projects instead, the Department of Interior announced.
By The Associated Press
Read full article →US, TotalEnergies reach 'nearly US$1 bn' deal to end offshore wind projects
US Interior Secretary Doug Burgum said the US and TotalEnergies are redirecting nearly US$1 billion from offshore wind projects to fossil fuel production.
Read full article →TotalEnergies signs agreement with Interior Department to end its U.S. offshore wind projects
Read full article →US to pay TotalEnergies $1B to end offshore wind power leases
The Trump administration will pay about $1 billion to TotalEnergies to exit its offshore wind leases in the United States, as part of a broader push to scale back renewable energy...
Read full article →Coverage Timeline
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