U.S. Interior Secretary Doug Burgum Says U.S., France's Total To Redirect Nearly $1B From Offshore Wind Leases To Us Natural Gas Production; TotalEnergies CEO Pouyanne Says Offshore Wind Is Not The Most Affordable Way To Produce Electricity In The United States; Innovative Agreement Allows Us To Recycle Money In Smarter Investment; We Will Recoup $928M In Wind Lease Costs And Invest It In U.S LNG, Natural Gas And Oil - State Street SPDR S&P 500 ETF Trust (ARCA:SPY), TotalEnergies (NYSE:TTE)
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Published on March 23, 2026.
The United States and France are set to redirect nearly $1B from Offshore Wind Leases to U.S. Natural Gas Production. The agreement allows for the use of this money to recycle and invest in renewable energy resources. The funds will be reinvested in U.N. contributions to renewable energy production.
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