TotalEnergies Exits US Offshore Wind Projects with $1 Billion Deal, Shifts to Fossil Fuels
TotalEnergies has abandoned two offshore wind projects off the US East Coast after reaching a nearly $1 billion settlement, with critics calling the move a "massive backsliding" as the company pivots back to fossil fuels.
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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 →U.S. to pay French company $1B to scrap offshore wind projects
The Trump administration will pay $1 billion to a France's TotalEnergies to walk away from two U.S. offshore wind leases as the administration ramps up its campaign against offshore wind and other renewable energy.
Read full article →White House to pay TotalEnergies $1 billion to kill off East Coast wind farm projects
The announcement comes as the Iran war disrupts global oil and gas supplies, making the U.S.' development of its LNG resources more urgent.
Read full article →Us and French TotalEnergies reach $1 billion deal to end wind farm project
French energy giant Total is abandoning its plans to build offshore wind farms, a move critics call a massive backsliding for the planet. In a billion-dollar deal signed in Houston, the company is pivoting back to fossil fuels, leaving the public to wonder, who actually benefits from this reversal?
By FRANCE24
Read full article →Trump administration to pay almost $1B to abandon plans to build wind farms
The Interior Department announced Monday the US would reimburse TotalEnergies for the amount it paid in leases for offshore wind projects during the Biden administration
By Rachel Dobkin
Read full article →TotalEnergies Exits U.S. Offshore Wind and Redirects Capital to LNG
Read full article →TotalEnergies, US energy deal brings abrupt end to offshore wind projects
The United States and TotalEnergies have signed an agreement to end the French company's offshore US wind farm projects and redirect those funds towards fossil fuel production, dealing a blow to the fight against climate change.
By RFI
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
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