U.S. Eyes $1 Billion Payout to Scrap TotalEnergies Wind Projects

The Trump administration is weighing a $1 billion payout to compensate TotalEnergies for canceled offshore wind leases, reports suggest, making what would be one of the clearest financial unwindings of Biden’s clean energy policy. According to a New York Times report cited by Reuters on Tuesday, U.S. officials are drafting agreements that would see the Interior Department cancel two offshore wind leases—Attentive Energy off New York and Carolina Long Bay off North Carolina—followed by a Justice Department payment of more than…