White House to pay TotalEnergies $1 billion to kill off East Coast wind farm projects [MSNBC.com]
TotalEnergies SE Ordinary Shares (TTE)
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Source: MSNBC.com
In this articleAn aerial view of wind turbines at the Altamont Pass wind farm on January 13, 2026 in Livermore, California.Justin Sullivan | Getty ImagesThe has agreed to payTotalEnergiesThe U.S.' Department of the Interior (DOI) announced on Monday what it said was "a landmark agreement" with TotalEnergies for the company "to redirect capital from expensive, unreliable offshore wind leases toward affordable, reliable natural gas projects that will provide secure energy for hardworking Americans."TotalEnergies has committed to invest approximately $1 billion — the value of its renounced offshore wind leases — in oil and natural gas and LNG production in the U.S., the DOIsaid in a statementFollowing the new investment, the department said the U.S. will reimburse the company dollar-for-dollar, up to the amount they paid in lease purchases for offshore wind.The agreement will see TotalEnergies shelve its offshore wind developments in New York and Carolina. It will invest instead in the
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News
- TotalEnergies and EDF Sign a Long-Term Partnership to Secure Low-Carbon Electricity Supply for TotalEnergies’ Refining & Chemicals Sites in FranceBusiness Wire
- TotalEnergies releases its Universal Registration Document 2025 (Document d’enregistrement universel 2025) and its Form 20-F 2025Business Wire
- Director/PDMR Shareholding [Yahoo! Finance]Yahoo! Finance
- Director/PDMR Shareholding [Yahoo! Finance]Yahoo! Finance
- TotalEnergies Beats 2025 Emissions Targets in Transition Push [Yahoo! Finance]Yahoo! Finance
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