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884 Trump Administration Will Pay More Energy Firms to Cancel Wind Farms

Slashdot
BeauHD @ Slashdot · 04/28/2026 03:00 EDT

Trump Administration Will Pay More Energy Firms to Cancel Wind Farms

The Trump administration says it will reimburse energy companies $885 million to cancel two planned offshore wind farms, with the firms in turn agreeing to put money into oil and gas projects instead. "The deals are modeled after a similar agreement last month with the French energy giant TotalEnergies," notes the New York Times. "TotalEnergies forfeited its leases for two wind projects planned off the coasts of New York and North Carolina, while committing to a range of fossil-fuel investments." From the r

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