Economy

Trump Officials Aim to Derail Another Offshore Wind Initiative

Share
Share

The Trump has escalated its to offshore wind energy by moving to revoke permits for the US Wind project off Maryland’s coast, which was previously approved in December. The Department to rescind the and permit by September 12, national security concerns.

This decision is of a broader to impede coastal wind energy expansion, following the halt of Ørsted’s nearly completed Revolution Wind project off Rhode Island and Connecticut, also due to vague national security issues.

  Nexstar Media Group agrees to acquire Tegna for $6.2 billion, expanding its local TV network to over 200 stations

These actions have raised alarms about the reliability of the energy grid in New England and have led to regarding political motivations behind the administration’s decisions. The clean energy sector fears this stance may deter future in renewable energy.

Notably, despite a of $386 billion in renewable energy in the first half of 2025, the U.S. has to rank the top five wind energy markets for the first since 2016. This downturn is attributed to policy changes under the Trump administration, which federal support for renewables, creating around tariffs and imposing new constraints on wind and solar projects.

  French equities and bonds decline as government faces possible collapse

The administration’s actions have prompted legal challenges and significant backlash from local Democratic governors, further straining relationships federal and authorities over energy policy. As a result, the future of offshore wind projects in the U.S. appears uncertain, reflecting the ongoing tension between renewable energy expansion and the current administration’s agenda.

Share
Written by
QncNews

Covering Entertainment, Politics, World News, Sport News, Crimes, Conflict, Metro, Economy & Business News

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Economy

French equities and bonds decline as government faces possible collapse

France’s financial markets faced considerable upheaval due to escalating political instability. The...

Economy

Immigration Strengthened Europe’s Economy Post-Pandemic, Says ECB’s Lagarde

European Central Bank President Christine Lagarde underscored the vital contribution of foreign-born...

EconomyEntertainment

Nexstar Media Group agrees to acquire Tegna for $6.2 billion, expanding its local TV network to over 200 stations

Nexstar Media Group has announced a definitive agreement to acquire Tegna Inc....

EconomyWorld

UK Cancels Additional Border Checks on Animal Imports Ahead of EU Deal

The United Kingdom has announced the suspension of planned additional border checks...