The Trump Administration has signed agreements with Bluepoint Wind and Golden State Wind to terminate their offshore wind farm leases, paying a combined $885 million. Both companies will instead invest in oil and gas projects, marking a clear shift away from renewable energy initiatives established during the previous administration.

Bluepoint Wind, located off New York and New Jersey, will see its co-owner Global Infrastructure Partners invest up to $765 million in a liquefied natural gas facility. Golden State Wind, off California's central coast, will recover approximately $120 million after committing to Gulf Coast oil and gas projects. Interior Secretary Doug Burgum criticized the leases as "only viable when propped up by massive taxpayer subsidies."

These deals follow a similar agreement with TotalEnergies last month, demonstrating the administration's unwavering commitment to fossil fuels. The termination payments represent a significant financial commitment to reversing clean energy policies, despite ongoing challenges to President Trump's claims about renewable energy costs and climate change.