Heatmap: New Documents Undermine Trump Administration’s Claims About Offshore Wind Deal

When the Trump administration announced it was paying TotalEnergies nearly $1 billion to cancel the company’s offshore wind leases, it painted the deal as a mutually beneficial trade: The government would reimburse the company for every penny it spent to acquire the leases, and in return, Total would “redirect” the money to U.S. oil and gas development. Now, the terms of the deal have been made public, and Americans’ side of the bargain appears to be worthless. The Bureau of Ocean Energy Management posted the settlement agreements for the two cancelled leases to its website on Friday. The documents make it clear that Total did not have to make any new investments to get its check. Details HERE.