The Trump administration announced it will pay nearly $1 billion to French energy giant TotalEnergies in exchange for the company abandoning plans to build offshore wind farms in the Atlantic Ocean and instead pursue fossil fuel projects in the US.

The current administration has thrown up roadblocks at every turn for offshore wind projects; a type of energy that President Donald Trump has personally reviled for years. After trying and failing to block construction on more mature projects, this announcement is the first sign of a new strategy: The federal government is paying to stop wind farms before they begin.

  • frongt@lemmy.zip
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    3 days ago

    If the headline made it sound bad, it’s worse:

    Instead, TotalEnergies will now spend the money on the development of a new liquified natural gas plant in Texas that will help export US LNG overseas to Europe, CEO Patrick Pouyanné said in a statement. The money will also go towards the company’s development of oil drilling operations in the Gulf of Mexico and shale oil projects elsewhere in the US.