Concerned American
Diamond Member
Twist it in any way you want, you lying POS.As is often the case we have to debunk lies from members of The Following before we can move on with a discussion.
Trump halts wind projects, including Coastal Virginia Offshore Wind, Dominion stock drops 5%
The Trump administration on Monday halted Coastal Virginia Offshore Wind, the largest project of its kind in the U.S., as well as four other projects under construction off the East Coast in a devastating blow to the wind industry.
Shares of Dominion Energy, the utility developing the project, dropped more than 5% on the news.
The administration also paused leases for Vineyard Wind 1 off Massachusetts, Revolution Wind off Rhode Island, Sunrise Wind off Long Island and New England, and Empire Wind 1 south of Long Island.
Interior Secretary Doug Burgum said the administration paused leases for the projects due to national security concerns identified by the Pentagon.
Shares of Denmark’s Orsted, the developer of the Revolution and Sunrise projects, tumbled 11%. Norway’s Equinor, the developer of Empire Wind 1, was down less than 1%.
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Trump halts wind projects, including Coastal Virginia Offshore Wind, Dominion stock drops 4%
Interior Secretary Doug Burgum said the administration paused the projects due to national security concerns identified by the Pentagon.www.cnbc.com
In 2023, several offshore wind projects in the New England and Atlantic regions faced significant challenges, leading to their discontinuation or significant delays. They include
Empire Wind, Revolution Wind, Vineyard Wind and Coastal Virginia Wind.
The Empire Wind project off Long Island was halted by the Biden administration due to concerns over federal approvals and potential deficiencies in the project. This decision has raised questions about the reliability and cost-effectiveness of New York's offshore wind energy plans.