Interior Secretary Doug Burgum and TotalEnergies CEO Patrick Pouyanné have agreed to cancel federal offshore wind leases worth about $1 billion and redirect that investment to oil and natural gas projects in the U.S. This move is seen as a rare alignment between a government and a private company. The agreement was made during a world's largest energy conference in Houston. The move shows a shift from President Trump's aggressive approach to decelerating America's offshore wind industry, which was already struggling due to higher borrowing costs and supply chain issues. Environmentalists and clean-energy advocates criticized the move, calling it an "outrageous misuse of taxpayer dollars" and a misuse of energy resources.