TotalEnergies Offshore Wind Lease Cancellation and Fossil Fuel Investment
Awarded · North Carolina, New York, Texas · Last reported Mar 2026
Source: International Business Times UK
The Trump administration reached an agreement with TotalEnergies to cancel two offshore wind leases off the coasts of North Carolina and New York. TotalEnergies receives a refund of approximately £739M ($1B), conditional on investing that 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
- International Business Times UK
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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 reached an agreement with TotalEnergies to cancel two offshore wind leases off the coasts of North Carolina and New York. TotalEnergies receives a refund of approximately £739M ($1B), conditional on investing that 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 | International Business Times UK |
URL |
More Details
Record type | Project |
Sector | Natural Gas, Oil and Gas, LNG, Wind |
Article published date | 2026-05-03 |
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