Trump administration cancels four offshore wind leases held by Invenergy, refunds $765M

The Trump administration has cancelled four offshore wind leases held by Invenergy, refunding $765M to the company. This action ends four specific projects and signals a broader shift in U.S. energy policy. By buying back these leases, the administration may potentially boost fossil fuel projects, which could subsequently impact global markets. This decision reflects a strategic pivot in the approach to energy production and the management of offshore wind resources within the United States.