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OKIsItJustMe

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

Reply to muriel_volestrangler (Original post)

Mon Mar 23, 2026, 06:58 PM

Monday

https://apnews.com/article/trump-offshore-wind-energy-climate-totalenergies-interior-092eeeacc5d09730d4e20a95d7df7de1

By JENNIFER McDERMOTT and MATTHEW DALY
Updated 5:12 PM EDT, March 23, 2026

PROVIDENCE, R.I. (AP) — 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.

President Donald Trump’s administration has tried to halt offshore wind construction, but federal judges repeatedly overturned those orders.

The Interior Department hailed the “innovative agreement” with the French energy giant and said, “the American people will no longer pay for ideological subsidies that benefited only the unreliable and costly offshore wind industry.″

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Highlight:

US to pay almost $1bn to French energy company to kill wind project plan [View all] muriel_volestrangler Monday OP

US turning out to be the dumbest f*cking contry in the world. sinkingfeeling Monday #1

Kill baby kill! BeyondGeography Monday #2

why are we paying to shoot ourselves in the foot eShirl Monday #3

Greed is the root of all evil. ananda Monday #4

Another ignorant decision by Trump and the Oil Cabal leading him around by the nose gohuskies Monday #5

Yes, it's truly evil LymphocyteLover Monday #17

How many people have their own "epstein button" on trump? PSPS Monday #6

AP: Trump administration to pay French company $1B to walk away from US offshore wind leases OKIsItJustMe Monday #7

Interior and TotalEnergies Agree to End Offshore Wind Projects, Lowering Costs for American Families OKIsItJustMe Monday #8

"Renounce costly leases"? mahatmakanejeeves Monday #11

Leading up to the decision: mahatmakanejeeves Monday #9

OMFG! OKIsItJustMe Monday #10

I try not to be cynical but it isn't worth the effort. twodogsbarking Monday #13

TAXPAYER average working Americans not the U.S. SHOULD BE IN THE TITLE blue blues Monday #12

King Butt. twodogsbarking Monday #14

The problem is will France ever collect.. Knowing tfg he will just tie this up in the courts like everything else..nt mitch96 Monday #15

FUCKING EVIL SHITS LymphocyteLover Monday #16

Stupid People Elected these Stupid Assholes ramapo Monday #18

We're living in Idiocracy IronLionZion Monday #19

Hey! Look TSA, the Felon has at least $1 billion to give the French to stop clean renewable energy. Buddyzbuddy Yesterday #20

America has handed the keys over to the criminally insane. hay rick Yesterday #21

The rest of the world moves forward. thought crime Yesterday #22

Putin's orders. We have such poor business leadership in this country. travelingthrulife Yesterday #23