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

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Trump administration to pay French company $1B to drop U.S. offshore wind leases 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 Carol...
This deal raises concerns about the Trump administration's commitment to renewable energy and its potential to hinder the U.S.'s transition to cleaner sources of energy. The deal can be seen as an example of the Trump administration's efforts to prioritize fossil fuels over renewable energy, which contradicts international trends and U.S. states' efforts to increase renewable energy production. Furthermore, the deal's focus on investing in fossil fuels instead of renewable energy projects may no...