HOUSTON, March 23 (Reuters) – The United States and French energy major TotalEnergies announced on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production.
The United States will reimburse Total around $1 billion the company paid in lease purchases for offshore wind, and TotalEnergies has pledged not to develop any new offshore wind projects in the United States.
(Reporting by Stephanie Kelly, Jarrett Renshaw and Simon Webb, Editing by Franklin Paul)
