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Trump's broadside against wind industry threatens projects that could power millions of homes - TL;DR CNBC

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-DKSHELSHEL-GBVWSYF

Keywords: breaking news: politicsalternative and sustainable energyenvironmentpoliticsbreaking news: marketsmarketsunited statesdonald j. trumpvestas wind systems a/sdonald trumpenergybusiness newsshell plc

Source: https://www.cnbc.com/2025/02/16/trumps-broadside-against-wind-industry-puts-projects-that-could-power-millions-of-homes-at-risk.html


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