New York AG James said that the administration had “struck a sham deal with TotalEnergies,” adding that the deal was coming at the expense of a New York offshore wind project that would end.

Trump’s ‘Sham Deal’ In a post on X, James delivered sharp criticism of Trump, saying that the administration had “struck a sham deal with TotalEnergies,” adding that the deal was coming at the expense of a New York offshore wind project that would end. James said that New York is suing the Trump administration to stop the “illegal deal that harms our planet and destroys union jobs.” The TotalEnergies Deal According to a statement by the AG’s office, the deal refers to the Trump administration giving nearly $1 billion to divest from offshore wind projects in favor of fossil fuels. The statement also said that the administration made TotalEnergies “pledge not to develop any new offshore wind projects in the United States.” Attentive Energy, the TotalEnergies subsidiary at the center of the deal, paid “$795 million to purchase an offshore wind lease approximately 47 miles off the coast of New York,” the statement said. The U.S. Department of Interior had reached a deal with the French energy company in March, with an official statement saying that the company would be investing in a Liquefied Natural Gas (LNG) plant in Texas, as well as a project in the Gulf of Mexico. The U.S. Department of Interior didn’t immediately respond to Benzinga‘s request for comment. James is joined by the Attorneys General of states like New Jersey, Connecticut, Maine, Vermont, Massachusetts and Rhode Island in the lawsuit against the administration. The suit has been filed in the U.S. District Court for the District of Columbia. Gavin Newsom Slams Sable Offshore Corp Deal Check out more of Benzinga's Future Of Mobility coverage by following this link. Photo courtesy: Shutterstock

China's wholesale prices rose at the fastest pace in nearly four years in May.

Trump Media & Technology Group (DJT) has drawn fresh attention after recent share price swings.

On June 9, 2026, the tech-heavy Nasdaq Composite plunged 2.17%, losing more than 560 points as AI and semiconductor stocks extended their sell-off.