Trump administration, energy developer announce end of U.S. offshore wind projects [Yahoo! Finance]
TotalEnergies SE Ordinary Shares (TTE)
Company Research
Source: Yahoo! Finance
TotalEnergies on Monday to cancel its offshore wind leases off the coasts of New York and North Carolina. The announcement marks the latest blow by the Trump administration against the U.S. offshore wind industry, particularly in the Northeast, after it faced a series of recent legal losses “The era of taxpayers subsidizing unreliable, unaffordable and unsecured energy is officially over,” Interior Secretary Doug Burgum told reporters at the CERAWeek by S&P Global conference in Houston. As part of the agreement, the Interior Department would terminate the leases for TotalEnergies' Attentive Energy and Carolina Long Bay projects, worth $928 million, the department said. The lease sales occurred during the Biden administration. TotalEnergies committed to invest the value of those leases into oil and natural gas production in the United States, after which the United States will reimburse the company dollar-for-dollar for the amount they paid for the offshore wind leases, the dep
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News
- French company stops US offshore wind projects in $1B deal with Trump administration 1 / 2 [Yahoo! Finance Canada]Yahoo! Finance Canada
- French company stops US offshore wind projects in $1B deal with Trump administration [Yahoo! Finance]Yahoo! Finance
- Trump Administration to Pay $1 Billion to Energy Giant to Cancel Wind Farms [The New York Times]The New York Times
- US, TotalEnergies reach 'nearly $1 bn' deal to end offshore wind projects [Yahoo! Finance]Yahoo! Finance
- US, TotalEnergies to shift $1 billion from wind to oil and gas [Yahoo! Finance]Yahoo! Finance
TTE
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- 10/30/25 - Miss
TTE
Sec Filings
- 3/9/26 - Form SCHEDULE
- 3/2/26 - Form 6-K
- 2/17/26 - Form SCHEDULE
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