U.S. Interior Secretary Doug Burgum announced an end to Biden-era offshore wind farm projects to divert investments into American fossil fuel development.
Burgum spoke at the Cambridge Energy Research Associates Week (CERAWeek) in a joint press conference with French TotalEnergies CEO Patrick Pouyanné on Monday to announce the end of the project. Burgum and Pouyanné signed a written agreement marking the end of TotalEnergies’ offshore wind farm, including a $928 million reimbursement for lease purchases TotalEnergies made for the green energy project.
The Department of Interior (DOI) announced in a Monday press release that the Trump administration will cancel TotalEnergies’ lease agreements located in Carolina Long Bay and New York Bright.
“This announcement, which we are making today, I’ll say it’s a quadruple win, not just a triple win, but it is a win for affordability. It is a win for reliability. It’s a win for national security,” said Burgum.
“The fourth win, it’s also a win for Total[Energies] because Total[Energies] had reasonably invested in something where they thought there was going to be a bunch of subsidies,” Burgum continued. “With the Working Families tax cut bill last year, which put an end to a number of these enormous tax subsidies, we can go back to the business of producing electricity for American families and American businesses.”
I sure hope the wind farms of foreign countries off the east coast of Delmarva are included.