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business7h ago

Trump admin dumps Biden-era wind projects for billion-dollar investment in US oil

https://www.foxbusiness.com/politics/trump-admin-dumps-biden-era-wind-projects-billion-dollar-investment-u-s-oilhttps://www.click2houston.com/business/2026/03/23/trump-administration-to-pay-french-company-1b-to-walk-away-from-us-offshore-wind-leases/https://www.theguardian.com/us-news/2026/mar/23/trump-administration-wind-project-plan
Foxbusiness.com and 7 more
Trump admin dumps Biden-era wind projects for billion-dollar investment in US oil Open in Foxbusiness.com
Highlights
  • The Trump administration will pay $1 billion to a French company to walk away from two U.S. offshore wind leases, shifting funds to fossil fuel projects.
  • TotalEnergies will reinvest the reimbursement into oil and gas projects off North Carolina and New York, offsetting the wind leases with fossil fuel investments.
  • Interior officials frame the deal as advancing Energy Dominance by shifting from offshore wind subsidies to domestically produced oil and gas.

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References

Trump administration to pay French company $1B to walk away from US offshore wind leases

https://www.click2houston.com/business/2026/03/23/trump-administration-to-pay-french-company-1b-to-walk-away-from-us-offshore-wind-leases/Click2houston.com
Trump administration to pay French company $1B to walk away from US offshore wind leases

US to pay almost $1bn to French energy company to kill wind project plan

https://www.theguardian.com/us-news/2026/mar/23/trump-administration-wind-project-planTheguardian.com
US to pay almost $1bn to French energy company to kill wind project plan

French company stops US offshore wind projects in $1B deal with Trump administration

https://abcnews.com/US/wireStory/french-company-stops-us-offshore-wind-projects-1b-131334366Abcnews.com
French company stops US offshore wind projects in $1B deal with Trump administration

Trump administration to pay French company $1B to drop U.S. offshore wind leases

https://www.npr.org/2026/03/23/g-s1-114868/trump-totalenergies-offshore-wind-leasesNpr.org
Trump administration to pay French company $1B to drop U.S. offshore wind leases

US to pay TotalEnergies $1 billion to stop developing offshore wind in US

https://arstechnica.com/science/2026/03/trumps-latest-anti-wind-effort-pay-companies-to-abandon-offshore-leases/Arstechnica.com
US to pay TotalEnergies $1 billion to stop developing offshore wind in US

Trump administration to pay energy firm $1 billion to stop East Coast wind projects

https://www.ms.now/news/trump-administration-to-pay-energy-firm-1-billion-to-stop-east-coast-wind-farmsMs.now
Trump administration to pay energy firm $1 billion to stop East Coast wind projects

Trump administration to pay French company $1B to walk away from US offshore wind leases

https://apnews.com/article/trump-offshore-wind-energy-climate-totalenergies-interior-092eeeacc5d09730d4e20a95d7df7de1Apnews.com
Trump administration to pay French company $1B to walk away from US offshore wind leases

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businesstotalenergiesu.s. department of the interior

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Top 564 Internet News Today

#1
Jaxon Smith-Njigba gets $168 million contract after helping Seahawks win Super Bowl
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sports11h ago

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#5
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#6
Arson attack on London volunteer ambulances being treated as antisemitic hate crime, police say
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crime19h ago

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#7
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sports1d ago

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#9
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