"The Trump administration has created a new playbook for how a sitting president can constrain energy resources or policies it opposes. By intervening to stop investments that President Trump personally opposes, the administration risks chilling infrastructure spending across the economy, not just in offshore wind."
"This new dimension of policy uncertainty can make it so that we have fewer infrastructure projects that happen more slowly and are more expensive."
"The agreement with TotalEnergies is yet another win for President Trump's commitment to affordable and reliable energy for all Americans."
The Trump administration has reached an agreement with TotalEnergies to redirect investment from offshore wind projects to oil and gas. TotalEnergies will recover nearly $1 billion from offshore wind leases and invest the same amount in U.S. oil and gas production. The deal includes a commitment not to pursue new offshore wind projects. Analysts warn that this move could undermine business confidence and create policy uncertainty, potentially slowing infrastructure spending across various sectors.
Read at www.npr.org
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