FRANK LASEE: Trump’s ‘Billion-Dollar Giveaway’ Actually A Refund To Kill Costly Offshore Wind
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By Frank Lasee
Published on March 31, 2026.
The Department of the Interior has agreed to refund $928 million to French energy giant TotalEnergies to cancel unnecessary offshore wind farms in exchange for killing two expensive, unreliable projects before they could burden American ratepayers. The company will instead redirect this money into American oil, natural gas, and LNG projects. This is not corporate welfare, but a refund of money already paid. TotalEeneries agreed to keep the money in the U.S. and use it for oil and natural gas. This move is seen as a win for the company and the US. The decision to cancel offshore wind projects removes these leases from the map is a clear signal that the era of forcing costly green mandates is ending.
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