Jun. 2 at 8:05 PM
$TTE Offshore wind project canceled and seven states are suing the Trump administration.
Connecticut Massachusetts New Jersey and New York are leading a lawsuit claiming the cancellation of licenses with TotalEnergies violates federal law.
The March agreement would have provided around 1B in compensation for exiting the projects with funds redirected toward US fossil fuel and natural gas investments.
States argue this undermines clean energy targets and local economies and are asking the court to block the decision.
Could add more regulatory noise around US energy transition policy.