Trump pays TotalEnergies $1 billion to abandon wind [Yahoo! Finance]
TotalEnergies SE Ordinary Shares (TTE)
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Source: Yahoo! Finance
Trump administration offered to buy out its federal leases for close to $1 billion, with the money to be redirected into fossil fuel development. The agreement covers two lease areas — one off the New York coast and one off North Carolina — that TotalEnergies acquired during the Biden years. The federal government will reimburse the company $928 million, the amount it originally paid to acquire those leases, according to the Guardian . Developers had estimated the combined output of the two wind farms at over 4 gigawatts. The deal was unveiled at CERAWeek, the annual energy industry conference held in Houston, where Burgum and Pouyanné appeared together. In a statement, Pouyanné said the company had "decided to renounce offshore wind development in the United States" because it was "not in the country's interest." According to the Guardian, TotalEnergies plans to direct the funds toward four trains at the Rio Grande LNG plant in Texas, drilling operations in the Gulf of Mexico, an
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News
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- Director/PDMR Shareholding [Yahoo! Finance]Yahoo! Finance
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TTE
Earnings
- 10/30/25 - Miss
TTE
Sec Filings
- 3/27/26 - Form IRANNOTICE
- 3/27/26 - Form 20-F
- 3/9/26 - Form SCHEDULE
- TTE's page on the SEC website