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Institute for Energy Research: Trump Administration Makes Deal to Swap Offshore Wind Projects for Oil and Gas Projects
March 31, 2026
WASHINGTON, March 31 [Category: Energy] -- The Institute for Energy Research posted the following commentary:

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The Trump Administration Makes Deal to Swap Offshore Wind Projects for Oil and Gas Projects

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Key Takeaways

1 The Trump administration will reimburse TotalEnergies almost $1 billion in upfront project lease payments for two offshore wind projects, which it will then invest in U.S. oil and gas projects.

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