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U.S. to Compensate TotalEnergies Nearly $1 Billion for Lease Cancellations

3/18/2026

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Summary

Story summary

U.S. officials are preparing to pay nearly $1 billion to TotalEnergies as compensation for canceling wind-farm leases off New York and North Carolina.
The proposed settlements cancel Attentive Energy and Carolina Long Bay leases, with the Justice Department paying over $928 million.
The report indicates that U.S. President Donald Trump's administration would cancel the leases regardless of TotalEnergies' decision.

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Story summary

U.S. officials are preparing to pay nearly $1 billion to TotalEnergies as compensation for canceling wind-farm leases off New York and North Carolina.
The proposed settlements cancel Attentive Energy and Carolina Long Bay leases, with the Justice Department paying over $928 million.
The report indicates that U.S. President Donald Trump's administration would cancel the leases regardless of TotalEnergies' decision.