States sue over $1B payout to TotalEnergies to quit offshore wind

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Source: Financial Times
States sue over $1B payout to TotalEnergies to quit offshore wind
Photo: Financial Times
TL;DR Summary

A coalition of seven Northeastern states led by New York is suing the Trump administration over its nearly $1 billion payment to TotalEnergies to exit offshore wind leases, arguing the deal refunds $928 million and redirects funds to fossil-fuel investments, unlawfully pressuring a foreign company and hindering climate goals; the cancellation would affect NY’s Attentive Energy One and NJ’s Attentive Energy Two offshore wind projects, potentially powering hundreds of thousands of homes.

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