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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.
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lemonde.fr
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.
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theguardian.com
US to pay almost $1bn to French energy company to kill wind project plan
Trump administration announces deal with TotalEnergies to redirect investment to oil and gas
