Trump Admin Pulls Offshore Wind Leases, Redirects $1B to Oil and Gas

Interior Secretary Doug Burgum and TotalEnergies CEO Patrick Pouyanné announced the cancellation of federal offshore wind leases worth about $1 billion and redirected the investment to oil and natural gas projects in the U.S., signaling a rare policy shift under Trump away from offshore wind despite prior support; environmentalists criticize the move as wasteful and contrary to clean-energy goals, while supporters note offshore wind remains costly and that policy must align with domestic oil and gas priorities; observers wonder if this signals more one-off deals and whether the U.S. offshore wind industry can regain momentum.