The Trump administration reportedly is weighing a new strategy to halt offshore wind development after repeated court setbacks, including a proposal to pay nearly $1 billion to cancel major projects backed by a foreign energy company.
Administration officials are drafting settlement agreements that would terminate two offshore wind leases held by French energy giant TotalEnergies, The New York Times reported Tuesday.
In exchange, the federal government would reimburse the company more than $928 million for its Biden-era lease purchases.