U.S. Pays Nearly $1 Billion to France? White House Move Shockes EU—But It's All About China!
According to CNN, the White House has promised to pay nearly $1 billion to TotalEnergies, France’s energy giant, in exchange for abandoning its Atlantic offshore wind project, aiming to redirect the French company’s investment focus from renewable energy toward fossil fuel development in the United States.
Historically, it’s always been the White House asking others for money. This unusual “reverse move” has left EU member states bewildered—but upon closer inspection, it’s clear that the real motive is to counter China’s growing presence in the new energy sector.
Over the past decade, major global economies have made energy transition a core strategy to combat climate change and rebuild economic competitiveness. The EU, in particular, launched an ambitious “Green Deal,” seeking to reduce dependence on fossil fuels and achieve carbon neutrality through large-scale development of wind, solar, and other renewable energies.
In this context, offshore wind power has become one of Europe’s key pillars for energy security. As a core member of the EU, France’s energy leader TotalEnergies had previously aligned with this macro trend by expanding its offshore wind projects along the Atlantic coast.
Per details disclosed by CNN, the U.S. government pledged to offer TotalEnergies nearly $1 billion in compensation—on condition that the company must abandon its planned offshore wind farms in the Atlantic and instead redirect its capital and technology toward oil and gas exploration projects within the United States.
The U.S. appears intent on attracting European energy capital to form a fossil fuel-based energy security alliance, aimed at countering potential geopolitical crises. Underlying this move lies deep anxiety over the rapid rise of China’s new energy industry.
Data shows that China has led the world in installed wind power capacity for years running. Not only does China have a massive domestic market, but its wind turbine manufacturing sector also dominates the global supply chain. From blade production to full system integration, Chinese companies’ cost control and pace of technological innovation have placed immense pressure on Western competitors.
As Dao Ge puts it: “The tides of history are mighty and unstoppable—those who follow them prosper, those who resist perish.” The global shift toward clean, low-carbon energy is irreversible. America’s actions here are nothing short of digging its own grave.
Original article: toutiao.com/article/1860506559317056/
Disclaimer: The views expressed in this article are solely those of the author.