Trump's broadside against wind industry threatens projects that could power millions of homes
Publishing timestamp: 2025-02-16 14:01:00
Summary
Trump's executive order targeting wind power has put a halt on new offshore wind leases and permits, jeopardizing projects on the East Coast that could power millions of American homes. The order is expected to impact the offshore wind industry in the U.S. and hinder the transition away from fossil fuels in states like New York, New Jersey, and Virginia. The industry was already facing challenges, and the order has deepened the uncertainty surrounding its outlook.
Sentiment: NEGATIVE
Tickers: VWS-DK, SHEL, SHEL-GB, VWSYF,
Keywords: breaking news: politics, alternative and sustainable energy, environment, politics, breaking news: markets, markets, united states, donald j. trump, vestas wind systems a/s, donald trump, energy, business news, shell plc,