TotalEnergies abandons US offshore wind, will invest $1 billion in fossil fuel projects
Environment,Trump Administration,Fossil Fuels,Oil,Natural Gas,Wind Energy
From the Center
AllSides Media Bias Rating: Center
The United States and French energy major TotalEnergies (TTEF.PA), opens new tab said on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production.
The agreement marks a new strategy in the Trump administration's wide-ranging effort to stymie development of U.S. offshore wind projects, which President Donald Trump has said he finds ugly, costly and inefficient.
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