The Trump administration says it will reimburse energy companies $885 million to cancel two planned offshore wind farms , with the firms in turn agreeing to put money into oil and gas projects instead. "The deals are modeled after a similar agreement last month with the French energy giant TotalEnergies," notes the New York Times. "TotalEnergies forfeited its leases for two wind projects planned off the coasts of New York and North Carolina, while committing to a range of fossil-fuel investments." From the report: [...] The first new agreement affects Bluepoint Wind, a wind farm in the early stages of development off New York and New Jersey. The project was proposed by Global Infrastructure Partners, a part of asset manager BlackRock, and Ocean Winds, which is itself a joint venture between Engie and EDP Renewables, two European clean-energy firms. The second deal would cancel Golden State Wind, another early-stage venture off California's central coast.…