this post was submitted on 18 Mar 2026
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U.S. officials are drafting agreements to pay nearly $1 billion to oil major TotalEnergies (TTEF.PA) as compensation for the cancellation of leases for ‌wind farms in federal waters off New York State and North Carolina, the New York Times reported on Tuesday.

Under the terms of the proposed settlements, the U.S. Interior Department will cancel the leases in federal waters for two projects, known as Attentive Energy and Carolina Long Bay, the NYT ⁠said, citing documents.

The Justice Department will then pay more than $928 million to TotalEnergies, compensating the firm for its winning bids in lease sales under the previous Biden administration, according to the NYT report.

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[–] AA5B@lemmy.world 17 points 19 hours ago (1 children)

How contemptible to renege on an agreement and be willing to pay $1B just to make our future worse

[–] reddig33@lemmy.world 5 points 17 hours ago (1 children)

And you’re the one paying for it.

[–] ThanksObama@sh.itjust.works 3 points 14 hours ago

In the long run, everyone pays for this stupidity.

[–] breezeblock@lemmy.ca 5 points 17 hours ago

Dumbfuckistan

[–] HeyJoe@lemmy.world 6 points 20 hours ago

Evil all the way down.