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37 Trump Administration To Pay French Company $1 Billion To Stop Offshore Wind Farms

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BeauHD @ Slashdot 1 place · 03/23/2026 23:30 EDT

Trump Administration To Pay French Company $1 Billion To Stop Offshore Wind Farms

An anonymous reader quotes a report from NPR: The Trump administration will pay $1 billion to a French company to walk away from two U.S. offshore wind leases as the administration ramps up its campaign against offshore wind and other renewable energy. TotalEnergies has agreed to what's essentially a refund of its leases for projects off the coasts of North Carolina and New York, and will invest the money in fossil fuel projects instead, the Department of Interior announced Monday.

The Trump administratio

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