TotalEnergies Offshore Wind Lease Cancellation and Fossil Fuel Investment
Sector: Natural Gas • Location: North Carolina, New York, Texas, United States
Source: inkl
The Trump administration paid TotalEnergies approximately £739 million ($1 billion) to abandon two offshore wind leases off the coasts of North Carolina and New York. The payment is conditional on TotalEnergies investing an equivalent amount in fossil fuel projects in the United States, specifically the Rio Grande LNG plant in Texas and expanded oil and gas activities.
- Status
- Closed
- Sector
- Natural Gas, Oil and Gas, LNG, Wind
- Location
- North Carolina, New York, Texas, United States of America
- Updated
- 22 Jul 2026
- Source
- inkl
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Project Information
Participants
| Not available for this record. |
Status
Original status | awarded |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Trump administration paid TotalEnergies approximately £739 million ($1 billion) to abandon two offshore wind leases off the coasts of North Carolina and New York. The payment is conditional on TotalEnergies investing an equivalent amount in fossil fuel projects in the United States, specifically the Rio Grande LNG plant in Texas and expanded oil and gas activities. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
State | North Carolina, New York, Texas |
Source
Source | inkl |
URL |
More Details
Record type | Project |
Sector | Natural Gas, Oil and Gas, LNG, Wind |
Article published date | 2026-05-03 |
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