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flag The Trump administration proposes $1B to cancel NY and NC offshore wind leases, compensating TotalEnergies to shift to Texas gas projects.

flag The Trump administration is reportedly considering a nearly $1 billion deal to cancel offshore wind leases for projects off New York and North Carolina, offering TotalEnergies compensation to abandon plans and instead invest in Texas natural gas infrastructure. flag The proposed settlements, which would reimburse the company for its lease bids, come after multiple court rulings blocked earlier attempts to halt the projects. flag The move reflects a broader shift toward fossil fuels, despite legal and financial risks, and underscores ongoing policy changes affecting renewable energy development.

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