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Illustration: Eniola Odetunde/Axios

This week brought new signs of multinational oil majors' deepening push into offshore wind.

Driving the news: France's Total is teaming up with Spain-based global power giant Iberdrola to develop what they say will be one of the world's largest offshore wind farms off Denmark's coast.

  • "The 50/50 partnership has been pre-qualified by the Danish Energy Agency to submit a bid for the Thor offshore wind farm in the Danish North Sea," the companies said.
  • The project will have power generating capacity of up to 1 gigawatt and it's slated to come online as soon as 2025, they said this morning.

Driving the news, part 2: New York State officials yesterday announced contracts with Equinor, the Norway-based global oil giant, for a pair of offshore wind projects.

  • The two farms will have a combined capacity of nearly 2.5 gigawatts, Equinor said of the projects — Empire Wind 2 and Beacon Wind 1.
  • They come on top of Equinor's planned Empire Wind 1 project off New York. BP is Equinor's strategic partner in the developments.

Yes, but: Renewables and low-carbon energy overall are currently a small part of oil majors' overall capital spending, with fossil fuels remaining their dominant business lines.

The big picture: Via Reuters, "European oil firms such as Equinor and BP are under pressure from activists, banks, investors and some governments to shift away from fossil fuels, and analysts say offshore wind farms are probably the quickest way for them to do so."

Go deeper

Ben Geman, author of Generate
Jan 27, 2021 - Politics & Policy

Biden to sign major climate orders, setting up clash with oil industry

Illustration: Aïda Amer/Axios

President Biden will sign new executive actions today that provide the clearest signs yet of his climate plans — elevating the issue to a national security priority and kicking off an intense battle with the oil industry.

Driving the news: One move will freeze issuance of new oil-and-gas leases on public lands and waters "to the extent possible," per a White House summary.

DOJ seizes 36 U.S. website domains for Iranian government disinformation

Iran's President-Elect Ebrahim Raisi holds a press conference at Shahid Beheshti conference hall in Tehran on Monday. Photo: Majid Saeedi/Getty Images

American officials seized 36 news website domains linked to Iran's government for spreading disinformation as part of a propaganda campaign, the Department of Justice said Tuesday.

Why it matters: The action comes at a time of heightened tension between the two countries, with Iran's hardline President-elect Ebrahim Raisi on Monday ruling out negotiating over missiles or meeting with President Biden as the two nations hold talks on returning Tehran to the 2015 nuclear deal.

NYT: Khashoggi's killers had paramilitary training in U.S.

A vigil for journalist Jamal Khashoggi outside the Saudi Arabia consulate in Istanbul, following his killing in 2018 in Turkey. Photo: Chris McGrath/Getty Images

Several Saudis who took part in the killing of Washington Post journalist Jamal Khashoggi had paramilitary training in the U.S. under a State Department contract a year before his 2018 death, the New York Times reported Tuesday.

Why it matters: While there's no evidence the department knew that Crown Prince Mohammed bin Salman sanctioned Saudi officials to detain, kidnap and torture dissidents in 2017, the approval of such training underscores how "intensely intertwined" the U.S. has become with a nation known for human rights abuses, per the NYT.