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Trump Pays French Oil Giant $1B to Scrap US Wind Farms

Trump administration will pay a French company $1 billion in taxpayer funds to not build wind farms | CNN

CNN2026.03.23Updated 12d ago
Trump administration will pay a French company $1 billion in taxpayer funds to not build wind farms | CNN

The Trump administration announced it will pay nearly $1 billion to French energy giant TotalEnergies in exchange for the company abandoning plans to build offshore wind farms in the Atlantic Ocean and instead pursue fossil fuel projects in the US.

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The Trump administration announced it will pay TotalEnergies nearly $1 billion in taxpayer funds to abandon offshore wind farm development in the Atlantic Ocean. Instead, the French energy company will pursue fossil fuel projects in the United States. The deal represents a significant shift toward fossil fuel prioritization.

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