Trump administration to pay French company $1B to drop U.S. offshore wind leases via NPR Topics: News — 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.

The Trump administration will pay TotalEnergies $1 billion to relinquish U.S. offshore wind leases, allowing the company to invest in fossil fuel projects.

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#resist47 #OffshoreWindLeases #TotalEnergies #FossilFuelInvestment #TrumpAdministration

US to pay almost $1bn to French energy company to kill wind project plan via US news | The Guardian — Trump administration announces deal with TotalEnergies to redirect investment in wind to oil and gas instead As a fuel crisis triggered by the war in Iran drives up global fossil fuel prices, the Trump administration has announced it will pay French energy major TotalEnergies $1bn to kill plans to construct wind farms off the US east coast. The deal is the latest blow to the US offshore wind industry, which has faced repeated disruptions to multi-billion-dollar projects under Donald Trump. Conti

The U.S. will pay TotalEnergies nearly $1 billion to abandon offshore wind projects, redirecting investments to oil and gas amid rising fossil fuel prices.

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#resist47 #WindEnergyDeals #TotalEnergies #FossilFuelInvestment #TrumpAdministration

Recent Developments in the Energy Sector Expose Complex Interplay of Economic, Political, and Environmental Factors A complex interplay of economic, political, and environmental factors is emerging in the energy sector, with recent developments highlighting concerns over industry-led initiatives, shifting investment priorities, and geopolitical pressures. State Attorneys General are scrutinizing ESG-driven practices for potential antitrust violations, while the International Energy Agency has adjusted its recommendations to prioritize increased oil and gas production to offset declining output rates. The ongoing reliance on fossil fuels, coupled with sanctions imposed by major economies, is sparking renewed discussions around the speed and nature of the global energy transition, with key themes including consumer impact, geopolitics, and market competition.

Recent Developments in the Energy Sector Expose Complex Interplay of Economic, Political, and Environmental Factors #ISONE #EnergySector #AntitrustViolations #ESGpolicies #FossilFuelInvestment #GlobalEnergyTransition

Indigenous Leaders and Climate Advocates Confront RBC Over Risky Fossil Fuel Investments Tkaronto (colonially called Toronto) — As U.S. President Donald Trump’s unprecedented tariffs and the response from Canada’s political class drives a push to advance fossil fuel projects and pipelines, a delegation of Indigenous leaders from British Columbia and national climate...

Indigenous Leaders and Climate Advocates Confront RBC Over Risky Fossil Fuel Investments
->Stand.earth | #Indigenous #ClimateChange #FossilFuelInvestment | More info from EcoSearch

Letter: 'Fossil fuel investments contribute to climate change, harming human health, compromising agriculture' Editor’s note: Opinions expressed in this letter to the editor are those of the author alone and do not reflect the editorial position of ClarkCountyToday.com The WSU Foundation, as the fiduciary for Washington State University, is required under Washington’s Uniform...

Letter: 'Fossil fuel investments contribute to climate change, harming human health, compromising agriculture'
->Clark County Today | #Agriculture #ClimateChange #FossilFuelInvestment #HumanHealth | More info from EcoSearch

End dominance of fossil fuel in energy sector The interim government has made no visible progress regarding clean and green energy since it took power five months ago, said TIB Executive Director Dr Iftekharuzzaman yesterday. He said there have been no initiatives to move away from the dominance...

End dominance of fossil fuel in energy sector
->The Daily Star | #ClimateChange #FossilFuelInvestment | More info from EcoSearch

UMass Foundation chided for small step on fossil fuel investment - Greenfield Recorder AMHERST — A University of Massachusetts campus organization pushing for more socially responsible investments by the UMass Foundation, manager of the university’s endowment, is claiming a small win after the nonprofit made a commitment to invest in fossil fuel-free funds...

UMass Foundation chided for small step on fossil fuel investment - Greenfield Recorder
->The Recorder | #FossilFuelInvestment #ClimateChange | More info from EcoSearch

Farmers switch banks, super funds to discourage fossil fuel investment

Farmers switch banks, super funds to discourage fossil fuel investment
->Australian Broadcasting Corporation | #ClimateChange #FossilFuelInvestment | More info from EcoSearch

Countries ramp up fossil fuel investments, dimming COP29 climate goals Americans’ choice will have immediate and lasting effects on our planet. Here’s how...

Countries ramp up fossil fuel investments, dimming COP29 climate goals
->The Daily Climate | #ClimateGoal #ClimateChange #FossilFuelInvestment | More info from EcoSearch

Lancet calls for urgenet shift in fossil fuel investment to tackle climate health impacts by Sophie Jenkins London, UK (SPX) Oct 30, 2024 The Lancet: Health threats of climate change reach record-breaking levels, as experts call for trillions of dollars spent on fossil fuels to be redirected towards protecting people's health, lives and livelihoods...

Lancet calls for urgenet shift in fossil fuel investment to tackle climate health impacts
->Terra Daily | #ClimateChange #ClimateHealth #FossilFuelInvestment | More info from EcoSearch

“Asset Manager Quest” Game Targets Idiotic Fossil Fuel Investments

“Asset Manager Quest” Game Targets Idiotic Fossil Fuel Investments
->CleanTechnica | #FossilFuelInvestment #ClimateChange | More info from EcoSearch

Interfaith activists arrested protesting Citigroup's fossil fuel investments

Interfaith activists arrested protesting Citigroup's fossil fuel investments – National Catholic Reporter | #ClimateChange #FossilFuelInvestment | MORE at EcoSearch

South Korea's energy trap: Government-funded dead end fossil fuel investments

South Korea's energy trap: Government-funded dead end fossil fuel investments – Grist | #ClimateChange #FossilFuelInvestment | MORE at EcoSearch

How much fossil fuel is in your cupboard?

How much fossil fuel is in your cupboard? – Green Alliance | #ClimateChange #FossilFuelInvestment | MORE at EcoSearch