Trump admin’s cancellation of wind energy projects causes business turmoil

Key points

• Seven northeastern states have sued US gov’t for paying TotalEnergies to withdraw from offshore wind projects.
• French energy giant TotalEnergies is embroiled in a lawsuit between seven US states and the federal government as the administration of President Donald Trump upends domestic energy policy, shutting down some wind energy projects while pushing fossil fuels.
• It has also raised questions about the predictability of the business and investment environment under a president who has peddled back many policies that were set up under his predecessor, President Joe Biden, a Democrat, including on investing in renewable energy.
• The case is tied to two offshore wind farms that TotalEnergies had planned in the US.
• The larger one, Attentive Energy, was to be built 54 miles (87km) south of Jones Beach, New York, and would have powered a million homes and businesses in New York and New Jersey.