Trump admin dumps Biden-era wind projects for billion-dollar investment in US oil

The Trump Department of the Interior secured a landmark agreement with energy giant TotalEnergies to redirect nearly $1 billion away from "unreliable" and "ideological" wind farm projects approved under the Biden administration and instead invest in U.S. oil and natural gas as part of the president's "energy dominance agenda."

Secretary Doug Burgum announced the agreement with TotalEnergies on Monday at the CERAWeek conference, an annual gathering of global oil and energy leaders in Houston.

TotalEnergies is renouncing its U.S. offshore wind leases and instead investing a total of $928 million in oil, natural gas and liquefied natural gas production in the U.S., according to the department. Additionally, after the department paused all leases for large-scale offshore wind projects under construction in the U.S. due to "national security risks," TotalEnergies has pledged not to develop any new offshore wind projects in the country.