TotalEnergies redirects $1 billion from offshore wind to US oil & gas production

The US will reimburse the French energy major for its wind lease purchases, while TotalEnergies commits to investing in US LNG and fossil fuel projects instead of new offshore wind developments.

Mar 25, 2026 - 04:30
 0
TotalEnergies redirects $1 billion from offshore wind to US oil & gas production
The US will reimburse the French energy major for its wind lease purchases, while TotalEnergies commits to investing in US LNG and fossil fuel projects instead of new offshore wind developments.

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