"Trump's administration has moved to increase domestic fossil fuel production, stating that wind turbines are ugly, costly, and inefficient, which has led to disruptions in multi-billion-dollar offshore wind projects."
"TotalEnergies will give up two offshore leases purchased off New York and North Carolina, receiving reimbursement for the $928m it paid for these leases under the Biden administration."
"The deal comes as US-Israeli strikes on Iran have triggered the largest ever disruption to oil supply, highlighting the vulnerabilities of a fossil fuel-based energy system."
"Critics, including Sam Salustro from Oceantic Network, argue that this political maneuver obscures the removal of affordable energy options, leaving American consumers struggling with high electricity bills."
The Trump administration has agreed to pay TotalEnergies $1bn to abandon plans for offshore wind farms off the US east coast. This decision is part of a broader strategy to boost domestic fossil fuel production. TotalEnergies will relinquish two offshore leases and will not pursue new wind projects in the US. The deal coincides with significant disruptions in oil supply due to US-Israeli strikes on Iran, raising concerns about reliance on fossil fuels. Critics argue this undermines affordable energy options for consumers.
Read at www.theguardian.com
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