Trump Administration Halts Construction of Major Offshore Wind Project in New York
In a significant move, the Trump administration has ordered the suspension of construction for the Empire Wind project off the New York coast, stirring concerns among industry experts about broader impacts on the offshore wind sector across the U.S. The decision has been met with backlash from state officials and environmental activists, who view it as a threat to future investments and renewable energy initiatives. The halt has left companies like Equinor reevaluating their strategies and considering legal action, as they grapple with a potential loss of $28 billion in investments. New York officials have expressed their intent to fight against this pause, fearing a chilling effect on the burgeoning offshore wind industry amid ongoing political power struggles.
NPR, The Guardian, Axios, Equinor, The Times, Bloomberg, BBC, Reuters, The New York Times, The Day