Trump’s Offshore-Wind Halt Risks $28 Billion of Investment (1)

With an order to halt work on a wind farm off the coast of New York, the Trump administration dealt the offshore wind industry a damaging blow that puts $28 billion of investment at risk.

On Wednesday, Interior Secretary Doug Burgum posted on X that he’d ordered a pause on Equinor ASA’s Empire Wind project off Long Island. The project was already well underway - permits and supplies lined up, $3 billion in project financing agreed and the construction phase had begun.

While Trump had made clear that early-stage developments would be slowed or thwarted, it has come as a ...