Seven states are suing the Trump administration over a nearly $1 billion deal to end French energy company TotalEnergies' offshore wind development off the East Coast.
A fully closed Strait of Hormuz was long seen as unthinkable — and unmanageable if it happened — based on past modeling and interviews with energy experts. Why it matters: That conventional wisdom underscores just how unprecedented today's closure is — and how little playbook exists for what could come next. The intrigue: In at least two major exercises assessing potential oil disruptions — one in 2007 and another in 2022 — energy experts considered a full shutdown of the strait but ultimately didn't model it in their planning. - In both cases, they judged it either too unlikely or too large in scale to meaningfully plan around. - "The idea was laughed out of the room," said Sam Ori, who worked on the 2007 exercise at the…
A fully closed Strait of Hormuz was long seen as unthinkable — and unmanageable if it happened — based on past modeling and interviews with energy experts. Why it matters: That conventional wisdom underscores just how unprecedented today's closure is — and how little playbook exists for what could come next. The intrigue: In at least two major exercises assessing potential oil disruptions — one in 2007 and another in 2022 — energy experts considered a full shutdown of the strait but ultimately didn't model it in their planning. - In both cases, they judged it either too unlikely or too large in scale to meaningfully plan around. - "The idea was laughed out of the room," said Sam Ori, who worked on the 2007 exercise at the…Open
In exchange, the companies will invest in oil and gas projects, echoing an earlier deal with the French energy giant TotalEnergies.
More than two dozen wind farms across the U.S. are being delayed as the Trump administration sits on military reviews that were once considered routine. Why it matters: The delays are dragging down a race led by tech companies — and backed by President Trump — to build power-hungry data centers to lead the global AI race. By the numbers: At least 30 onshore wind farms projects are affected by the Pentagon paperwork logjam, according to Jason Grumet, head of the American Clean Power Association. - At roughly 200 to 300 megawatts each, that's about 7.5 gigawatts of stalled capacity. - Even accounting for the variability of wind, those farms could produce enough electricity to power several cities — or multiple large data centers. The…
More than two dozen wind farms across the U.S. are being delayed as the Trump administration sits on military reviews that were once considered routine. Why it matters: The delays are dragging down a race led by tech companies — and backed by President Trump — to build power-hungry data centers to lead the global AI race. By the numbers: At least 30 onshore wind farms projects are affected by the Pentagon paperwork logjam, according to Jason Grumet, head of the American Clean Power Association. - At roughly 200 to 300 megawatts each, that's about 7.5 gigawatts of stalled capacity. - Even accounting for the variability of wind, those farms could produce enough electricity to power several cities — or multiple large data centers. The…Open
The Trump administration announced a $928 million deal with French energy company TotalEnergies to cancel offshore wind farm leases in federal waters off New York and North Carolina. The agreement was revealed by the Interior Department and involves a refund of the lease payments made during the former Biden government. The post Trump Admin Hands $1BN to French Firm to Cancel Wind Farm Deal. appeared first on The National Pulse .
PULSE POINTS WHAT HAPPENED: The Trump administration is paying $928 million to TotalEnergies to cancel its offshore wind farm leases off the coasts of New York and North Carolina. WHO WAS INVOLVED: TotalEnergies, the Trump administration, the Interior Department, the Department of Justice (DOJ), and New York Governor Kathy Hochul (D). WHEN & WHERE: The deal was announced on Monday and involves federal waters off New York and North Carolina. KEY QUOTE: TotalEnergies CEO, Patrick Pouyanné, stated that offshore wind was deemed “not the most affordable way to produce electricity” and that pursuing it in the U.S. was too expensive. IMPACT: Funds intended for renewable energy are being redirected to fossil fuel projects, sparking…Open
TotalEnergies will shift $928 million in "expensive, unreliable, environmentally disruptive, and subsidy-dependent" offshore wind investment to LNG infrastructure and oil and gas production.
TotalEnergies has agreed to what's essentially a refund of its leases for projects off the coasts of North Carolina and New York, and will invest the money in fossil fuel projects instead, the Department of Interior announced.
TotalEnergies has agreed to what's essentially a refund of its leases for projects off the coasts of North Carolina and New York, and will invest the money in fossil fuel projects instead, the Department of Interior announced.Open
In exchange, the French company TotalEnergies would invest in oil and natural gas projects in Texas and elsewhere.