Energy ❯ Renewable Energy ❯ Offshore Wind ❯ Investment

TotalEnergies

Interior Cancels Two Offshore Wind Leases in $928 Million Deal Redirecting Funds to Oil and Gas

The deal reimburses TotalEnergies only if it scraps the leases then reinvests the same sum in U.S. fossil projects, signaling a pivot away from offshore wind.

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U.S. Will Reimburse TotalEnergies $928 Million To Cancel Offshore Wind Leases