Overview
- According to documents cited by the New York Times, the Interior Department would cancel the Attentive Energy lease in the New York Bight and the Carolina Long Bay lease off North Carolina.
- The Justice Department would reimburse TotalEnergies more than $928 million to cover its winning bids from earlier federal auctions.
- In return, TotalEnergies would abandon the offshore wind projects and commit to accelerated investment in natural gas infrastructure in Texas.
- The White House, Justice Department, and Interior Department have not confirmed the plan, Reuters reported it could not immediately verify the details, and TotalEnergies declined to comment.
- It remains unclear whether TotalEnergies will accept the proposed settlements, and the documents indicate the administration intends to cancel the leases regardless.