New York State Common Retirement Fund threatens to divest its $1.6 million stake in TotalEnergies after the French oil major accepted $928 million from Trump to exit US offshore wind. The fund raised concerns about Total's strategic consistency and risk management, signaling growing resistance to White House lease refunds.

Total will terminate offshore wind leases redirecting investment into fossil fuels. Energy companies now face a political bind between Republicans blocking renewables and Democrats promoting them. The pension fund, managing $298 billion, evaluates directors' climate actions through proxy voting and questions Total's strategic backtracking.

Total had pledged to produce 120 terawatt hours of renewable power by 2030. The fund demands clarity on how Total assessed legal risks of accepting the payment, warning the decision may impact future investments and proxy voting.