Interior Secretary Doug Burgum announced late last month a deal paying French energy company TotalEnergies nearly one billion dollars to cancel two offshore wind projects off the US East Coast. According to the Department of the Interior, this settlement reimburses the company for development costs on leases in Carolina Long Bay and New York Bight, which could have powered over one million homes with clean energy. Civic Media reports the funds must be reinvested dollar for dollar in US oil, gas, and liquefied natural gas export projects, while barring TotalEnergies from new US offshore wind investments. Burgum declared the era of subsidizing unreliable energy is over, as noted in the announcement.
Democrats criticize the move sharply. House Judiciary Ranking Member Jamie Raskin and Natural Resources Ranking Member Jared Huffman called it a lawless abuse of the federal Judgment Fund in a letter dated April six, two thousand twenty six. They argue no lawsuit justifies the payment, labeling it an unprecedented taxpayer giveaway to kill clean energy for fossil fuels. Inside Climate News details how the Trump administration has halted three Atlantic offshore wind programs and seeks to cancel fifteen billion dollars in renewable funding from prior laws.
The Department of Energy under Trump issued emergency orders blocking coal plant retirements in Colorado, Indiana, Michigan, and Washington, per Highland County Press, aiming to keep fossil fuel capacity online amid rising energy demands. The White House fiscal two thousand twenty seven budget proposes slashing Environmental Protection Agency spending in half, cutting renewable energy by four hundred forty nine million dollars, and redirecting funds to oil dominance and the Strategic Petroleum Reserve, as outlined in the document released Friday. E and E News notes it targets Biden era programs, though Congress rejected similar cuts last year.
These actions coincide with gasoline prices up thirty five percent since late February due to Strait of Hormuz disruptions from US Iran strikes, fueling debates on energy security and costs.
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