"The U.S. government will pay a French energy firm nearly $1 billion to cancel its plans to build a pair of wind farms off the East Coast, the Trump administration announced Monday in its latest move to stymie offshore wind."
"Using a pay-not-to-play scheme to pressure a company to not build offshore wind is an outrageous abuse of taxpayer dollars, said New York Gov. Kathy Hochul."
"The projects canceled under the deal announced Monday would have provided power to more than 1 million homes."
"The administration claimed in a statement that the projects were 'unreliable and costly.'"
TotalEnergies will receive $928 million from the U.S. government to cancel its offshore wind projects off New York and North Carolina. The funds will be reinvested into oil and gas initiatives, including a liquefied natural gas export facility in Texas. The Trump administration has consistently opposed offshore wind development, claiming it is unreliable and costly. Critics, including New York's governor and environmental groups, have condemned the deal as an abuse of taxpayer funds and a setback for renewable energy efforts.
Read at Truthout
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