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Story summary
- The U.S. government is spending $2 billion to abandon offshore wind projects.
- The government offered TotalEnergies a $1 billion buyout for NC and NY wind leases if it invests equally in fossil fuels.
- Bluepoint Wind and Golden State Wind will surrender leases for $900 million, also tied to equal fossil-fuel investment.
- Sen. Charles Schumer (D-N.Y.) and Rep. Jared Huffman (D-Calif.) denounced the deal as both a bailout and a scam.
