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U.S. to pay TotalEnergies about $1 billion for canceled offshore wind leases

TotalEnergies logoTotalEnergies
Sig5.60Sen-1.70Env-3.40Soc-0.90Gov-1.30

Proposed U.S. settlements would cancel Interior leases in federal waters for the Attentive Energy and Carolina Long Bay offshore wind projects. The Justice Department would then pay TotalEnergies more than $928 million to compensate for earlier winning lease bids. The company would abandon plans to begin building, with officials drafting agreements totaling about $1 billion.

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