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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