Story perspectives

US Pays $2 B to Cancel Wind Leases, Fund Fossil Projects

4/30/2026

Summary

Story summary

United States agreed to pay $2 billion to end wind leases and fund fossil-fuel projects.
TotalEnergies, Bluepoint and Golden State Wind received a $1 billion refund, $765 million and $120 million reimbursements, respectively, tied to gas, power, LNG, oil investments.
Rep. Jared Huffman (D-CA) and Rep. Jamie Raskin (D-MD) warned TotalEnergies not to take money.
Senator Chuck Schumer called the deals a bailout, saying Gov. Gavin Newsom reported administration gave $1 billion to abandon projects.

1 of 1

Story summary

United States agreed to pay $2 billion to end wind leases and fund fossil-fuel projects.
TotalEnergies, Bluepoint and Golden State Wind received a $1 billion refund, $765 million and $120 million reimbursements, respectively, tied to gas, power, LNG, oil investments.
Rep. Jared Huffman (D-CA) and Rep. Jamie Raskin (D-MD) warned TotalEnergies not to take money.
Senator Chuck Schumer called the deals a bailout, saying Gov. Gavin Newsom reported administration gave $1 billion to abandon projects.