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.