Trump administration to pay TotalEnergies $1bn to drop US offshore wind project

Trump administration to pay TotalEnergies $1bn to drop US offshore wind project

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Trump administration to pay TotalEnergies $1bn to drop US offshore wind project
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The Trump administration is paying $1 billion to TotalEnergies to abandon two offshore wind leases in the US, redirecting funds to fossil fuel projects. TotalEnergies will use the refunded lease fees for a liquefied natural gas plant in Texas and oil and gas activities. The deal has faced criticism from environmental groups, labeling it a 'billion-dollar bribe' to hinder clean energy development.

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