U.S. officials are drafting agreements to pay nearly $1 billion to oil major TotalEnergies (TTEF.PA) as compensation for the cancellation of leases for wind farms in federal waters off New York State and North Carolina, the New York Times reported on Tuesday.
Under the terms of the proposed settlements, the U.S. Interior Department will cancel the leases in federal waters for two projects, known as Attentive Energy and Carolina Long Bay, the NYT said, citing documents.
The Justice Department will then pay more than $928 million to TotalEnergies, compensating the firm for its winning bids in lease sales under the previous Biden administration, according to the NYT report.
How contemptible to renege on an agreement and be willing to pay $1B just to make our future worse
And you’re the one paying for it.
In the long run, everyone pays for this stupidity.
Evil all the way down.
Dumbfuckistan
