Trump admin pays $900M to wind firms to abandon offshore leases.

The Trump administration announced it will pay nearly $900 million to two energy companies to abandon offshore wind leases off New Jersey and California. Bluepoint Wind and Golden State Wind will receive reimbursements after agreeing to redirect funds into fossil fuel projects like liquefied natural gas facilities. The move follows a broader effort to roll back offshore wind development, with the administration arguing the wind projects were dependent on taxpayer subsidies and that the shift supports reliable and affordable energy. Critics, including environmental advocates and Democrats, argue the decision is economically and environmentally harmful.