Offshore Wind
The US Interior Department has allowed the deadline to appeal court injunctions against its stop-work orders on five major offshore wind projects to lapse. This decision clears the way for construction to resume on the nation's first large-scale wind farms along the eastern seaboard. The projects, when complete, will generate power for over 2 million homes.
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The U.S. Department of the Interior announced on Monday that it will refund nearly $1 billion to TotalEnergies for two unused offshore wind leases in the Atlantic Ocean. In exchange, the French company pledged to invest the funds in existing oil and gas projects in the Gulf of Mexico and Texas. Critics called the deal opaque and unnecessary.
October 19, 2025 00:17