Anonymous OP 5d

Idk if this is entirely “compensation”. It’s more like undoing a deal. They leased federal land for a wind farm for $928M. In TotalEnergies’ case, these weren’t close to completion. They paused everything (while still in the permitting stage and, in the case of the NY site, negotiating with the Shinnecock Nation) after the 2024 election because they knew they were probably cooked. That being said, they’re basically getting pushed towards gas and oil now, and I’m sure they’ll get a favorable…

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Anonymous #2 5d

…deal for any federal land involved. There’s probably more to come here, because a German company called RWE is in a similar scenario (was ordered to stop work, is now sitting on land that was for offshore wind, and is experienced with fossil fuels). Equinor is likely a candidate too

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Anonymous #2 5d

The only company that seems to have been able to fight this is Ørsted, who was also ordered to stop work in 2025, but sued and got an injunction. They began sending electricity to RI and CT just 2 weeks ago and say they’re 90% done

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