Trump backs fossil-fuel pivot: $765 million to cancel wind leases, fund gas and geothermal plants

The Interior Department will pay $765 million to Invenergy to abandon four offshore wind leases off New York, California, and Maine, redirecting the funds to build at least five natural gas plants and geothermal projects, bringing total government wind-cancellation spending to about $2.6 billion. Democrats criticize the move as blocking renewables and potentially raising power bills, while supporters say it shifts funding toward more reliable energy and national security concerns; the deals follow prior arrangements with TotalEnergies and have drawn legal challenges from some states.