Trump Refunds $1B to TotalEnergies, Halts Offshore Wind

0:00It's March 23rd. Welcome to Global News Today, powered by AI and Connected Worldwide. The Trump administration is refunding $1 billion to French energy, giant total energies to cancel two offshore wind leases off North Carolina and New York coasts. In exchange, the company has pledged to skive all future offshore wind projects in the United States and redirect the funds to a liquefied natural gas. In Texas, plus oil and gas expansion, calling it smarter capital use amid policy shifts. Administration officials cheer the move for delivering reliable, affordable power to cut family energy bills and boost energy security. Environmental advocates blast it as a sneaky taxpayer-funded block on clean energy progress. This fits a broader push to pause offshore wind builds, though federal judges have rejected those halts for lack of solid threats, letting projects. Meanwhile, one East Coast wind farm in Virginia just began feeding power to the grid, showing

1:02renewables pressing ahead despite the fossil fuel pivot.