Sustainability & Climate

Trump's $1B payoff to stop offshore wind is even stranger than it sounds

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The Trump administration's Department of the Interior refunded nearly $1 billion to TotalEnergies to abandon its leases for Atlantic offshore wind farms, instead investing in oil and gas projects off the U.S. Gulf Coast. This move undermines renewable energy development but may avoid legal challenges and does not permanently stall future offshore wind initiatives under a different administration.

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