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Trump admin dumps Biden-era wind projects for billion-dollar investment in US oil
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business8h 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
  • 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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