Overview
- According to documents reviewed by The New York Times, Interior would cancel the Attentive Energy and Carolina Long Bay leases and Justice would reimburse more than $928 million.
- The proposed agreements would have TotalEnergies scrap both offshore wind projects and commit to accelerated investments in natural gas infrastructure in Texas.
- It remains unclear whether TotalEnergies will sign, and internal documents indicate the administration plans to cancel the leases even if the company declines.
- TotalEnergies paid about $795 million for the Attentive Energy lease in a joint venture and $160 million for Carolina Long Bay, and it paused the New York project in November 2024 citing political uncertainty.
- The buyout approach follows a series of federal court defeats for efforts to halt offshore wind projects and signals an active policy turn away from the sector.