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Trump administration cancels wind energy projects, disrupting business operations

5 June 2026
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French energy company TotalEnergies is facing a lawsuit from seven northeastern U.S. states and the federal government over its decision to abandon two offshore wind projects in favor of oil and gas investments. The agreement, reached with the Trump administration, involved a $928 million payout to TotalEnergies. The states argue that the cancellation undermines their energy reliability and climate goals, while the California Energy Commission is investigating the implications of these deals.

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Tags: administrationBusinessBusiness and EconomycancelscourtsdisruptingDonald TrumpEconomyEnergyfeaturesFinancial marketsOperationsPoliticsprojectsRenewable energyTrumpUnited StatesUS & Canadawind
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