Opinion: Trump Administration Saves Rate Payers From Costly Offshore Wind Boondoggle

April 5, 2026

The Trump administration reached a deal with French energy producer TotalEnergies in which it would return almost $1 billion to end its offshore wind farm projects in the United States. The $928 million reimbursement, which was what TotalEnergies paid for project leases, would instead be invested in U.S. oil and gas projects. According to Interior Secretary Doug Burgum, “The era of taxpayers subsidizing unreliable, unaffordable and unsecure energy is officially over, and the era of affordable, reliable and secure energy is here to stay.”

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