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U.S. Government Pays $1 Billion to TotalEnergies to Cancel Offshore Wind Leases
The U.S. government is compensating TotalEnergies nearly $1 billion to cancel offshore wind leases off New York and North Carolina. This move shifts energy investment focus from renewables to fossil fuels, sparking debate on future energy policy.
· 59d ago
US Pays TotalEnergies $1 Billion to Cancel Offshore Wind Projects, Shift to Gas
The US government is paying TotalEnergies about $1 billion to drop offshore wind projects and invest in oil and gas. This marks a major policy shift favoring fossil fuels over renewables in US offshore energy development.
· 73d ago